FIRSTRAND BANK LIMITED - FRS180 - Listing of New Financial Instrument

Release Date: 14/09/2018 14:50
Code(s): FRS180
 
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FRS180 - 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: FRS180
ISIN: ZAG000154147
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its unsecured floating rate notes, in terms
of its note programme (the programme) dated 29 November 2011, effective 18 September 2018.

Debt security code:                          FRS180
ISIN:                                        ZAG000154147
Type of debt security:                       Floating Rate Notes
Nominal issued:                              ZAR 300 000 000.00
Issue date:                                  18 September 2018
Issue price:                                 100%
Coupon rate:                                 3 month JIBAR plus 195 basis points, with a capped rate applicable
Maximum Rate of Interest                     10.135% NACQ
Interest commencement date:                  18 September 2018
Interest determination date(s):              18 December, 18 March, 18 June and 18 September of each year until
                                             maturity, with the first interest determination date being 18 September
                                             2018
First interest payment date:                 18 December 2018
Interest payment date(s):                    18 December, 18 March, 18 June and 18 September of each year until
                                             maturity
Last day to register:                        By 17:00 on 13 December, 13 March, 13 June and 13 September of each
                                             year until maturity
Books close:                                 14 December, 14 March, 14 June and 14 September of each year until
                                             maturity
Business day convention:                     Modified Following Business Day
Maturity date:                               18 September 2023
Final maturity amount:                       100% of the aggregate nominal amount
Other:                                       The pricing supplement contains additional terms and conditions
Summary of additional terms:                 Please refer to the early optional redemption at the option of FRB, line
                                             items 30 and 37 of the applicable pricing supplement

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 14 852 331 394.00
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.


14 September 2018

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

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