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FIRSTRAND BANK LIMITED - FRC283 - Listing of New Financial Instrument

Release Date: 27/09/2018 13:50
Code(s): FRC283     PDF:  
Wrap Text
FRC283 - 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: FRC283
ISIN: ZAG000154394
(FRB)

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
28 September 2018.

Debt security code:                           FRC283
ISIN:                                         ZAG000154394
Type of debt security:                        Credit-linked notes
Nominal issued:                               ZAR 50 000 000.00
Issue date:                                   28 September 2018
Issue price:                                  100%
Coupon rate:                                  3 month JIBAR plus 445 basis points
Interest commencement date:                   28 September 2018
Interest determination date(s):               26 October, 26 January, 26 April and 26 July of each year until maturity,
                                              with the first interest determination date being 28 September 2018
First interest payment date:                  26 October 2018
Interest payment date(s):                     26 October, 26 January, 26 April and 26 July of each year until maturity
Last day to register:                         By 17:00 on 21 October, 21 January, 21 April and 21 July of each year
                                              until maturity
Books close:                                  22 October, 22 January, 22 April and 22 July of each year until maturity
Business day convention:                      Modified Following Business Day
Maturity date:                                26 January 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


Programme amount:                             ZAR 30 000 000 000.00
Total notes in issue under programme:         ZAR 14 952 331 394.00
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.

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.


27 September 2018

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

Date: 27/09/2018 01:50:00 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
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