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FIRSTRAND BANK LIMITED - FRC344 and FRC345 - Listing of New Financial Instruments

Release Date: 30/07/2020 12:10
Code(s): FRC344 FRC345     PDF:  
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FRC344 and FRC345 - Listing of New Financial Instruments

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC344       ISIN: ZAG000169889
Bond code: FRC345       ISIN: ZAG000169905
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listing of its senior unsecured unsubordinated credit linked notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 3 August 2020.

Type of debt security:                       Credit linked notes


Debt security code:                          FRC344
ISIN:                                        ZAG000169889
Nominal issued:                              ZAR 75 000 000.00
Coupon rate:                                 3 Month JIBAR plus 200 basis points
First interest payment date:                 15 October 2020
Interest payment date(s):                    15 January, 15 April, 15 July and 15 October of each year until the
                                             Maturity Date
Last day to register:                        By 17:00 on 10 January, 10 April, 10 July and 10 October of each year
                                             until the Maturity Date
Books close:                                 11 January, 11 April, 11 July and 11 October of each year until the
                                             Maturity Date
Maturity date:                               15 October 2022

Debt security code:                          FRC345
ISIN:                                        ZAG000169905
Nominal issued:                              ZAR 20 000 000.00
Coupon rate:                                 3 Month JIBAR plus 160 basis points
First interest payment date:                 3 November 2020
Interest payment date(s):                    3 February, 3 May, 3 August and 3 November of each year until the
                                             Maturity Date
Last day to register:                        By 17:00 on 29 January, 28 April, 29 July and 29 October of each year
                                             until the Maturity Date
Books close:                                 30 January, 29 April, 30 July and 30 October of each year until the
                                             Maturity Date
Maturity date:                               3 August 2021

Issue date:                                  3 August 2020
Issue price:                                 100%
Interest determination date(s):              The first Business Day of each Interest Period, with the first Interest
                                             Determination Date being the Issue Date
Interest commencement date:                  3 August 2020
Business day convention:                     Modified Following Business Day
Final maturity amount:                       100% of the Aggregate Nominal Amount
Other:                                       The pricing supplement contains additional terms and conditions to the
                                             terms and conditions as contained in the programme
Summary of additional terms:                 Please refer to the reference obligation early redemption event, 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 28 892 100 735.57 as at the signature date of the FRC345
                                             pricing supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited



30 July 2020

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

Date: 30-07-2020 12:10:00
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