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FIRSTRAND BANK LIMITED - FRC261 and FRC262 - Listing of New Financial Instrument

Release Date: 19/10/2017 15:25
Code(s): FRC261 FRC262     PDF:  
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FRC261 and FRC262 - Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC261 ISIN: ZAG000147653
Bond code: FRC262 ISIN: ZAG000147646
 (FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated
credit-linked notes, in terms of its note programme dated 29 November 2011, effective 20 October 2017.

Instrument type:                    Credit-Linked notes
Programme amount:                   ZAR 30 000 000 000
Total notes in issue:               ZAR 12 766 373 063

Instrument code:                    FRC261
Nominal issued:                     ZAR 20 000 000
Interest rate:                      3 Month JIBAR as at 20 October 2017 plus 160 bps
First interest payment date:        10 January 2018
Maturity date:                      10 October 2020
Last day to register:               By 17:00 on 5 January, 5 April, 5 July and 5 October each year until
                                    maturity
Books close:                        6 January, 6 April, 6 July and 6 October each year until maturity
Interest payment date(s):           10 January, 10 April, 10 July and 10 October each year until maturity
ISIN:                               ZAG000147653

Instrument code:                    FRC262
Nominal issued:                     ZAR 20 000 000
Interest rate:                      3 Month JIBAR as at 20 October 2017 plus 180 bps
First interest payment date:        13 January 2018
Maturity date:                      13 July 2020
Last day to register:               By 17:00 on 8 January, 8 April, 8 July and 8 October each year until
                                    maturity
Books close:                        9 January, 9 April, 9 July and 9 October each year until maturity
Interest payment date(s):           13 January, 13 April, 13 July and 13 October each year until maturity
ISIN:                               ZAG000147646


Coupon rate indicator:              Floating
Issue date:                         20 October 2017
Interest commencement date:         20 October 2017
Issue price:                        100%
Final maturity amount:              100% of the Aggregate Nominal Amount
Business day convention:            Modified Following Business day
Dealer:                             FirstRand Bank Limited, acting through its Rand Merchant Bank division


The notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.

This note has been privately placed by FirstRand Bank Limited. Any prospective purchaser of the note should
contact FirstRand Bank Limited for details of the terms of the note. In this regard, prospective purchasers
should be aware that:

1. The note issued is subject to the terms and conditions of the pricing supplement agreed between the issuer
and the subscriber(s) for the note and the terms and conditions of the notes as set out in the programme
memorandum dated 29 November 2011 in respect of the issuer’s note programme.

2. The performance of each note issued is linked to the performance of an underlying third party entity
and/or obligation stipulated in the pricing supplement in respect of the note and accordingly, as the
prospective purchaser will assume credit exposure to both the issuer and such entity and/or obligation, the
note is only suitable for purchase by financially sophisticated investors after conducting all relevant
independent investigations. The risks pertaining to credit-linked notes generally are more fully set out in the
programme memorandum. Copies of the programme memorandum are available from the issuer.


19 October 2017

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 19/10/2017 03:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
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