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FIRSTRAND BANK LIMITED - Listing of new financial instrument

Release Date: 24/03/2021 08:00
Code(s): FRS260     PDF:  
Wrap Text
Listing of new financial instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS260       ISIN: ZAG000175134
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited (JSE) has granted FRB the listing of its FRS260 senior unsecured unsubordinated structured notes,
in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective
25 March 2021.

Debt security code:                         FRS260
ISIN:                                       ZAG000175134
Type of debt security:                      Bond linked notes
Nominal issued:                             ZAR 30 000 000.00
Issue date:                                 25 March 2021
Issue price:                                100% of par
Interest commencement date:                 25 March 2021
Coupon rate:                                3 Month JIBAR plus 495 basis points
Interest determination date(s):             The first business day of each Interest Period, with the first Interest
                                            Determination Date being the Issue Date
First interest payment date:                25 June 2021
Interest payment date(s):                   25 March, 25 June, 25 September and 25 December of each year until
                                            the Maturity Date
Last day to register:                       By 17:00 on 20 March, 20 June, 20 September and 20 December of each
                                            year until the Maturity Date
Books close:                                21 March, 21 June, 21 September and 21 December of each year until
                                            the Maturity Date
Business day convention:                    Modified Following Business Day
Final redemption amount:                    ZAR34 567 672.00 nominal of the Reference Bond
Maturity date:                              25 March 2024
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 net asset value event, reference bond early
                                            redemption event, early redemption at the option of the issuer, early
                                            redemption amount, reference bond and hedging disruption provisions
                                            contained in the pricing supplement


Programme amount:                           ZAR 30 000 000 000.00
Total notes in issue under programme:       ZAR 25 099 282 716.12 as at the signature date of the pricing
                                            supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division



24 March 2021

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

Date: 24-03-2021 08:00:00
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