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Listing of New Financial Instruments and Correction Announcement - FRII
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC277 ISIN: ZAG000153552
Bond code: FRC278 ISIN: ZAG000153560
Bond code: FRC279 ISIN: ZAG000153578
Bond Code: FRS179 ISIN: ZAG000153321
Bond Code: FRS178 ISIN: ZAG000153107
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS AND CORRECTION ANNOUNCEMENT
The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated structured
credit-linked notes, in terms of its note programme (the programme) dated 29 November 2011, effective
22 August 2018.
Debt security code: FRC277
ISIN: ZAG000153552
Type of debt security: Credit-linked notes
Nominal issued: ZAR 25 000 000.00
Issue date: 22 August 2018
Issue price: 100%
Coupon rate: 3 month JIBAR plus 150 basis points
Interest commencement date: 22 August 2018
Interest determination date(s): 4 March, 4 June, 4 September and 4 December, with the first interest
determination date being 22 August 2018
First interest payment date: 4 September 2018
Interest payment date(s): 4 March, 4 June, 4 September and 4 December of each year until
maturity
Last day to register: By 17:00 on 28 February, 31 May, 31 August and 30 November of each
year until maturity, with the exception of 2020, when it will be 29
February, 31 May, 31 August and 30 November
Books close: 1 March, 1 June, 1 September and 1 December of each year until
maturity
Business day convention: Modified Following Business Day
Maturity date: 4 March 2021
Final maturity amount: 100% of the aggregate nominal amount
Other: The pricing supplement contains changes to the terms and conditions as
contained in the programme
Summary of additional terms: Please refer to the early redemption and credit-linked note provisions
contained in the pricing supplement
Debt security code: FRC278
ISIN: ZAG000153560
Type of debt security: Credit-linked notes
Nominal issued: ZAR 25 000 000.00
Issue date: 22 August 2018
Issue price: 100%
Coupon rate: 3 month JIBAR plus 103 basis points
Interest commencement date: 22 August 2018
Interest determination date(s): 27 March, 27 June, 27 September and 27 December, with the first
interest determination date being 22 August 2018
First interest payment date: 27 September 2018
Interest payment date(s): 27 March, 27 June, 27 September and 27 December of each year until
maturity
Last day to register: By 17:00 on 22 March, 22 June, 22 September and 22 December of each
year until maturity
Books close: 23 March, 23 June, 23 September and 23 December of each year until
maturity
Business day convention: Modified Following Business Day
Maturity date: 27 March 2020
Final maturity amount: 100% of the aggregate nominal amount
Other: The pricing supplement contains changes to the terms and conditions as
contained in the programme
Summary of additional terms: Please refer to the early redemption and credit-linked note provisions
contained in the pricing supplement
Debt security code: FRC279
ISIN: ZAG000153578
Type of debt security: Credit-linked notes
Nominal issued: ZAR 25 000 000.00
Issue date: 22 August 2018
Issue price: 100%
Coupon rate: 3 month JIBAR plus 175 basis points
Interest commencement date: 22 August 2018
Interest determination date(s): 21 February, 21 May, 21 August and 21 November, with the first interest
determination date being 22 August 2018
First interest payment date: 21 November 2018
Interest payment date(s): 21 February, 21 May, 21 August and 21 November of each year until
maturity
Last day to register: By 17:00 on 16 February, 16 May, 16 August and 16 November of each
year until maturity
Books close: 17 February, 17 May, 17 August and 17 November of each year until
maturity
Business day convention: Modified Following Business Day
Maturity date: 21 November 2022
Final maturity amount: 100% of the aggregate nominal amount
Other: The pricing supplement contains changes to the terms and conditions as
contained in the programme
Summary of additional terms: Please refer to the early redemption and credit-linked note provisions
contained in the pricing supplement
Programme amount: ZAR 30 000 000 000.00
Total notes in issue under programme: ZAR 13 977 202 694.00
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.
The notes have been privately placed by FirstRand Bank Limited. Any prospective purchaser of the notes should
contact FirstRand Bank Limited for details of the terms of the notes. In this regard, prospective purchasers should be
aware that:
1. The notes issued are subject to the terms and conditions of the pricing supplement agreed between the issuer and
the subscriber(s) for the notes 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.
Bondholders are referred to the announcements released by FRB on SENS on 1 August 2018 and 14 August 2018
relating to the listing of the FRS178 and FRS179 notes respectively. Bondholders are advised to disregard the
information contained in those announcements and to refer to the correct information below:
Debt security code: FRS178
Coupon rate: Not applicable
Interest commencement date: Not applicable
First interest payment date: Not applicable
Interest payment date(s): Not applicable
Last day to register: By 17:00 on 28 July 2019
Business day convention: Following Business day
Final maturity amount: The final maturity amount is determined based on the calculation below:
ILRA = ANA / FXFSD * (FIL / IIL + ARA) * FXFVD
The definitions for this formula is as per the pricing supplement.
Other: The pricing supplement contains additional terms and conditions
Summary of additional terms: Please refer to the FX disruption provisions contained in the pricing
supplement
Total notes in issue under programme: ZAR 13 757 202 694.00
Debt security code: FRS179
Total notes in issue under programme: ZAR 13 902 202 694.00
20 August 2018
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 20/08/2018 03:40:00 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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