FIRSTRAND BANK LIMITED - FRC305 FRC306 - Listing of New Financial Instruments

FRC305 FRC306 - Listing of New Financial Instruments

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC305       ISIN: ZAG000160920
Bond code: FRC306       ISIN: ZAG000160938
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

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 11 July 2019.

Debt security code:                         FRC305
ISIN:                                       ZAG000160920
Nominal issued:                             ZAR 49 456 376.00
Type of debt security:                      Credit-linked notes
Coupon rate:                                3 month JIBAR plus 300.7 basis points
First interest payment date:                6 August 2019
Interest payment date(s):                   6 February, 6 May, 6 August and 6 November of each year until the
                                            Maturity Date
Last day to register:                       By 17:00 on 1 February, 1 May, 1 August and 1 November of each year
                                            until the Maturity Date
Books close:                                2 February, 2 May, 2 August and 2 November of each year until the
                                            Maturity Date
Maturity date:                              6 November 2023

Debt security code:                         FRC306
ISIN:                                       ZAG000160938
Nominal issued:                             ZAR 52 576 228.00
Type of debt security:                      Credit-linked notes
Coupon rate:                                3 month JIBAR plus 144.2 basis points
First interest payment date:                27 August 2019
Interest payment date(s):                   27 February, 27 May, 27 August and 27 November of each year until the
                                            Maturity Date
Last day to register:                       By 17:00 on 22 February, 22 May, 22 August and 22 November of each
                                            year until the Maturity Date
Books close:                                23 February, 23 May, 23 August and 23 November of each year until the
                                            Maturity Date
Maturity date:                              27 February 2023


Issue date:                                 11 July 2019
Issue price:                                100%
Interest commencement date:                 11 July 2019
Interest determination date(s):             The first business day of each Interest Period
Final maturity amount:                      100% of the Aggregate Nominal Amount
Business day convention:                    Modified Following Business Day
Other:                                      The pricing supplements contain 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 supplements
Programme amount:                           ZAR 30 000 000 000.00
Total notes in issue under programme:       ZAR 20 216 517 936.58
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.

These 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 supplements 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, 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.



10 July 2019

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

Date: 10/07/2019 04:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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