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FIRSTRAND BANK LIMITED - FRC489 - Listing of New Financial Instrument

Release Date: 05/10/2023 12:36
Code(s): FRC489     PDF:  
Wrap Text
FRC489 - 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: FRC489       ISIN: ZAG000199969
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC489 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 6 October 2023.

Debt security code:                         FRC489
ISIN:                                       ZAG000199969
Type of debt security:                      Credit linked notes
Nominal issued:                             R 50 000 000.00
Issue date:                                 6 October 2023
Issue price:                                100% of par
Interest commencement date:                 6 October 2023
Coupon rate:                                3 Month JIBAR plus 430 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:                20 December 2023
Interest payment date(s):                   20 March, 20 June, 20 September and 20 December in each year until
                                            the maturity date
Last day to register:                       By 17:00 on 15 March, 15 June, 15 September and 15 December in each
                                            year until the maturity date
Books close:                                16 March, 16 June, 16 September and 16 December in each year until
                                            the maturity date
Business day convention:                    Modified following business day
Maturity date:                              20 December 2028
Final maturity amount:                      100% of the aggregate nominal amount outstanding at the maturity date
                                            less any outstanding unwind costs difference payment.
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 aggregate nominal amount, the redemption/payment
                                            basis, the interest payable on the note, the cessation of interest, the
                                            interest amount, the early redemption at the option of the issuer, the final
                                            redemption amount, the early redemption amount, the credit linked notes
                                            provisions and any conditions additional to, or modified from, those set
                                            forth in the terms and conditions, the form of reference CDS and index
                                            provisions as contained in the pricing supplement
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 36 184 879 104.97, as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited


5 October 2023

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 05-10-2023 12:36:00
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