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FRC280, FRJ27 - Listing of New Financial Instrument and Tap Issue
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC280 ISIN: ZAG000153776
Bond code: FRJ27 ISIN: ZAG000141912
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENT AND TAP ISSUE
LISTING OF NEW FINANCIAL INSTRUMENT
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
30 August 2018.
Debt security code: FRC280
ISIN: ZAG000153776
Type of debt security: Credit-linked notes
Nominal issued: ZAR 50 000 000.00
Issue date: 30 August 2018
Issue price: 100%
Coupon rate: 3 month JIBAR plus 270 basis points
Interest commencement date: 30 August 2018
Interest determination date(s): 20 March, 20 June, 20 September and 20 December of each year
until maturity, with the first interest determination date being 30
August 2018
First interest payment date: 20 September 2018
Interest payment date(s): 20 March, 20 June, 20 September and 20 December of each year
until maturity
Last day to register: By 17:00 on 15 March, 15 June, 15 September and 15 December of
each year until maturity
Books close: 16 March, 16 June, 16 September and 16 December of each year
until maturity
Business day convention: Modified Following Business Day
Maturity date: 20 December 2023, subject to paragraph 51 of the applicable pricing
supplement
Final maturity amount: 100% of the aggregate nominal amount, subject to paragraph 51 of
the applicable pricing supplement
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 14 027 202 694.00
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.
LISTING OF TAP ISSUE
The JSE Limited has granted FirstRand Bank Limited the additional listing of its unsecured floating rate notes, in
terms of its domestic medium term note (DMTN) programme dated 14 October 2015, effective 30 August 2018.
Debt security code: FRJ27
ISIN: ZAG000141912
Type of debt security: Floating rate notes
Nominal before issue: ZAR 1 318 100 000.00
Nominal issued: ZAR 270 000 000.00
Nominal after issue: ZAR 1 588 100 000.00
Issue date: 30 August 2018
Issue price: 102.632%
Coupon rate: 3 month JIBAR plus 192.5 basis points
Interest commencement date: 25 July 2018
Interest determination date(s): 25 October, 25 January, 25 April and 25 July of each year until
maturity with the first interest determination date being 25 July 2018
First interest payment date: 25 October 2018
Interest payment date(s): 25 October, 25 January, 25 April and 25 July of each year until
maturity
Last day to register: By 17:00 on 19 October, 19 January, 19 April and 19 July of each
year until maturity
Books close: 20 October, 20 January, 20 April and 20 July of each year until
maturity
Business day convention: Following Business day
Maturity date: 25 January 2027
Final maturity amount: 100% of the aggregate nominal amount
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 100 000 000 000.00
Total notes in issue under programme: ZAR 75 390 949 301.61, 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.
28 August 2018
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 28/08/2018 10:12:00 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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