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FIRSTRAND BANK LIMITED - FRC318 and FRC319 - Listing of New Financial Instruments

Release Date: 18/10/2019 12:10
Code(s): FRC318 FRC319     PDF:  
Wrap Text
FRC318 and FRC319 - 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: FRC318 ISIN: ZAG000163684
Bond code: FRC319 ISIN: ZAG000163700
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listing of its FRC318 and FRC319 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 22 October 2019 and 23 October 2019 respectively.

Debt security code:                          FRC318
ISIN:                                        ZAG000163684
Nominal issued:                              ZAR 325 000 000.00
Issue date:                                  22 October 2019
Coupon rate:                                 3 month JIBAR plus 250 basis points
Interest commencement date:                  22 October 2019
Maturity date:                               20 December 2024, subject to paragraph 51 of the pricing supplement

Debt security code:                          FRC319
ISIN:                                        ZAG000163700
Nominal issued:                              ZAR 200 000 000.00
Issue date:                                  23 October 2019
Coupon rate:                                 3 month JIBAR plus 320 basis points
Interest commencement date:                  23 October 2019
Maturity date:                               20 December 2026, subject to paragraph 151 of the pricing supplement

Type of debt security:                       Credit-linked notes
Issue price:                                 100%
Interest determination date(s):              The first business day of each Interest Period
First interest payment date:                 20 December 2019
Interest payment date(s):                    20 March, 20 June, 20 September and 20 December of each year until
                                             the Maturity Date
Last day to register:                        By 17:00 on 15 March, 15 June, 15 September and 15 December of each
                                             year until the Maturity Date
Books close:                                 16 March, 16 June, 16 September and 16 December of each year until
                                             the Maturity Date
Business day convention:                     Modified Following Business Day
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 supplements

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 23 478 803 390.58
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division


18 October 2019

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

Date: 18/10/2019 12:10:00
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