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FIRSTRAND BANK LIMITED - FRC266 - Listing of New Financial Instrument

Release Date: 22/02/2018 11:00
Code(s): FRC266     PDF:  
Wrap Text
FRC266 - 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: FRC266
ISIN: ZAG000149824
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured structured credit-
linked notes, in terms of its note programme (the programme) dated 29 November 2011, effective 23
February 2018.

Debt security code:                          FRC266
ISIN:                                        ZAG000149824
Type of debt security:                       Credit- linked notes
Nominal issued:                              ZAR 73 000 000.00
Issue date:                                  23 February 2018
Issue price:                                 100%
Coupon rate:                                 3 month JIBAR plus 155 basis points
Interest commencement date:                  23 February 2018
Interest determination date(s):              23 February, 23 May, 23 August and 23 November, with the first interest
                                             determination date being 23 May 2018
First interest payment date:                 23 May 2018
Interest payment date(s):                    23 February, 23 May, 23 August and 23 November of each year until
                                             maturity
Last day to register:                        By 17:00 on 18 February, 18 May, 18 August, and 18 November of each
                                             year until maturity
Books close:                                 19 February, 19 May, 19 August and 19 November of each year until
                                             maturity
Business day convention:                     Modified Following Business day
Maturity date:                               23 August 2019
Final maturity amount:                       100%
Other:                                       The pricing supplement does not contain additional terms and conditions
                                             or changes to the terms and conditions as contained in the DMTN
Summary of additional terms:                 Not applicable

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 10 559 493 490.00 inclusive of all issuances under the FRB
                                             DMTN programmes
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.

22 February 2018

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

Date: 22/02/2018 11:00:00 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, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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