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FIRSTRAND BANK LIMITED - FRC292 - Listing of New Financial Instrument

Release Date: 13/03/2019 07:20
Code(s): FRC292     PDF:  
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FRC292 - 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: FRC292
ISIN: ZAG000157777
(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 and updated from time
to time, effective 18 March 2019.

Debt security code:                          FRC292
ISIN:                                        ZAG000157777
Nominal issued:                              ZAR 27 000 000.00
Type of debt security:                       Credit-linked notes
Issue date:                                  18 March 2019
Issue price:                                 100%
Coupon rate:                                 8.25%
Interest commencement date:                  18 March 2019
First interest payment date:                 18 June 2019
Interest payment date(s):                    18 March, 18 June, 18 September and 18 December of each year until
                                             maturity
Last day to register:                        By 17:00 on 13 March, 13 June, 13 September and 13 December of each
                                             year until maturity
Books close:                                 14 March, 14 June, 14 September and 14 December of each year until
                                             maturity
Business day convention:                     Modified Following Business Day
Maturity date:                               18 September 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

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 17 108 291 020.58
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 and updated from time to time, 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.


13 March 2019

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

Date: 13/03/2019 07:20:00 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,
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