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FIRSTRAND BANK LIMITED - FRS177 - Listing of New Financial Instrument

Release Date: 19/07/2018 16:09
Code(s): FRS177     PDF:  
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FRS177 - 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: FRS177
ISIN: ZAG000152885
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured currency-linked
notes, in terms of its note programme (the programme) dated 29 November 2011, effective 24 July 2018.

Debt security code:                          FRS177
ISIN:                                        ZAG000152885
Type of debt security:                       Currency-linked notes
Nominal issued:                              ZAR 2 564 523.00
Issue date:                                  24 July 2018
Issue price:                                 100%
Coupon rate:                                 The interest amount will be equal to an amount determined and
                                             calculated by the calculation agent in accordance with the formula
                                             included in the pricing supplement
Interest commencement date:                  19 July 2018
Interest determination date(s):              19 January, 19 April, 19 July and 19 October, with the first interest
                                             determination date being 19 July 2018
First interest payment date:                 19 October 2018
Interest payment date(s):                    19 January, 19 April, 19 July and 19 October, of each year until maturity
Last day to register:                        By 17:00 on 14 January, 14 April, 14 July and 14 October of each year
                                             until maturity
Books close:                                 15 January, 15 April, 15 July and 15 October of each year until maturity
Business day convention:                     Following Business day
Maturity date:                               19 July 2024
Final maturity amount:                       The redemption amount is based on the exchange between ZAR and the
                                             relevant currency on the valuation date set out in the pricing supplement

Other:                                       The pricing supplement does not contain additional terms and conditions
                                             or changes to the terms and conditions as contained in the programme
Summary of additional terms:                 Not applicable

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 13 307 202 694.00
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 July 2018

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

Date: 19/07/2018 04:09:00 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,
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