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FIRSTRAND BANK LIMITED - FRC422 FRC423 - Listing of New Financial Instruments

Release Date: 06/07/2022 10:30
Code(s): FRC423 FRC422     PDF:  
Wrap Text
FRC422 FRC423 - 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: FRC422       ISIN: ZAG000187956
Bond code: FRC423       ISIN: ZAG000187964
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC422 and FRC423 senior unsecured unsubordinated notes, in terms
of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 7 July
2022.

Debt security code:                         FRC422
ISIN:                                       ZAG000187956
Nominal issued:                             ZAR 72 450 000.00

Debt security code:                         FRC423
ISIN:                                       ZAG000187964
Nominal issued:                             ZAR 25 000 000.00

Type of debt security:                      Credit linked notes
Issue date:                                 7 July 2022
Issue price:                                100% of par
Interest commencement date:                 7 July 2022
Coupon rate:                                3 Month JIBAR plus 445 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:                27 September 2022
Interest payment date(s):                   27 March, 27 June, 27 September and 27 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 22 March, 22 June, 22 September and 22 December of each
                                            year until the maturity date
Books close:                                23 March, 23 June, 23 September and 23 December of each year until
                                            the maturity date
Business day convention:                    Modified following business day
Maturity date:                              27 September 2028, subject to paragraph 51 of the pricing supplement
Final maturity amount:                      100% of the aggregate nominal amount
Other:                                      The pricing supplements contain additional terms and conditions to the
                                            terms and conditions as contained in the programme
Summary of additional terms:                Please refer to the cessation of interest, net asset value and reference
                                            obligation early redemption events, the early redemption at the option of
                                            the issuer, the early redemption at the option of the noteholders, the early
                                            redemption amount, the credit linked notes provisions and the additional
                                            terms and conditions as per line 93 as contained in the pricing
                                            supplements
Programme amount:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 30 543 834 399.30 as at the signature date of the pricing
                                            supplements
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited


6 July 2022

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

Date: 06-07-2022 10:30:00
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