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FIRSTRAND BANK LIMITED - FRC289 - Listing of New Financial Instrument

Release Date: 11/02/2019 10:37
Code(s): FRC289     PDF:  
Wrap Text
FRC289 - 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: FRC289
ISIN: ZAG000157108
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated credit-linked
notes, in terms of its note programme (the programme) dated 29 November 2011, as amended, effective 12 February
2019.

Debt security code:                          FRC289
ISIN:                                        ZAG000157108
Nominal issued:                              ZAR 55 000 000.00
Type of debt security:                       Credit-linked notes
Issue date:                                  12 February 2019
Issue price:                                 100%
Coupon rate:                                 3 month JIBAR plus 187 basis points
Interest commencement date:                  12 February 2019
Interest determination date(s):              The first business day of each Interest Period
First interest payment date:                 20 March 2019
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 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 16 191 291 020.58
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, as amended, 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.


11 February 2019

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

Date: 11/02/2019 10:37:00 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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