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FIRSTRAND BANK LIMITED - FRB35 - Listing of New Financial Instrument

Release Date: 03/02/2023 10:02
Code(s): FRB35     PDF:  
Wrap Text
FRB35 - 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: FRB35
ISIN: ZAG000193269
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FirstRand Bank Limited approval for the listing of its unsecured subordinated Tier 2 capital
notes, in terms of its domestic medium term note programme (the programme) dated 13 April 2021, as amended
from time to time, effective 6 February 2023.

Debt security code:                          FRB35
ISIN:                                        ZAG000193269
Type of debt security:                       Floating rate notes
Nominal issued:                              ZAR 2 300 000 000.00
Issue date:                                  6 February 2023
Issue price:                                 100%
Interest commencement date:                  6 February 2023
Coupon rate:                                 3 Month JIBAR plus 190 basis points
Interest determination date(s):              1 February 2023 for the first interest period and thereafter the first
                                             business day of each interest period
First interest payment date:                 6 May 2023
Interest payment date(s):                    6 February, 6 May, 6 August and 6 November of each year until the
                                             Maturity date, or if such day is not a business day, the business day on
                                             which interest will be paid, as determined in accordance with the
                                             Applicable business day convention (as specified in the applicable pricing
                                             supplement)
Last day to register:                        The register will be closed by 17:00 on 31 January, 30 April, 31 July and
                                             31 October for each year until maturity date, or if such day is not a
                                             business day, the business day preceding each books closed period
Books closed periods:                        The register will be closed from 1 February to 5 February, 1 May to 5
                                             May, 1 August to 5 August and 1 November to 5 November (all dates
                                             inclusive) for each year until the Maturity date
Maturity date:                               6 February 2033
Applicable business day convention:          Following business day
Final maturity amount:                       100% of the nominal value subject to the applicable capital regulations
Other:                                       The pricing supplement contains additional terms and conditions in
                                             addition to the terms and conditions contained in the programme
Summary of additional terms:                 Please refer to the provisions applicable to subordinated notes,
                                             provisions regarding redemption/maturity, trigger events and the
                                             additional conditions section contained in the pricing supplement
Programme amount:                            ZAR 100 000 000 000.00
Total notes in issue under programme:        ZAR 76 624 580 830.00 as at the signature date of the pricing
                                             supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited



03 February 2023

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 03-02-2023 10:02:00
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