To view the PDF file, sign up for a MySharenet subscription.

FIRSTRAND BANK LIMITED - FRS192 - Listing of New Financial Instrument

Release Date: 15/03/2019 12:10
Code(s): FRS192     PDF:  
Wrap Text
FRS192 - Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRS192       ISIN: ZAG000157850
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its unsecured index-linked notes, in terms of its
note programme (the programme) dated 29 November 2011, as amended and updated from time to time, effective 19
March 2019.

Debt security code:                          FRS192
ISIN:                                        ZAG000157850
Type of debt security:                       Index-Linked Notes
Nominal issued:                              ZAR 250 000 000.00
Issue date:                                  19 March 2019
Issue price:                                 100%
Coupon rate:                                 Not applicable
Interest commencement date:                  Not applicable
Interest determination date(s):              Not applicable
First interest payment date:                 Not applicable
Interest payment date(s):                    Not applicable
Last day to register:                        By 17:00 on 14 March 2020
Books close:                                 15 March 2020
Business day convention:                     Following Business Day
Maturity date:                               19 March 2020
Final maturity amount:                       The final maturity amount is determined based on the calculation below:
                                             ILRA = ANA * (1+PF* MAX{IRA – 1,0)})
                                             The definitions for this formula is as per the pricing supplement
Other:                                       The pricing supplement does not contain additional terms and conditions
Summary of additional terms:                 Not applicable


Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 17 616 553 940.58
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division


The notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.

This note has been privately placed by FirstRand Bank Limited. Any prospective purchaser of the note should
contact FirstRand Bank Limited for details of the terms of the note. In this regard, prospective purchasers
should be aware that:
1. The note issued is subject to the terms and conditions of the pricing supplement agreed between the issuer
and the subscriber(s) for the note and the terms and conditions of the notes as set out in the programme
memorandum dated 29 November 2011, as amended and updated from time to time, in respect of the issuer’s
note programme.


2. The performance of each note issued is linked to the performance of an underlying third party entity and/or
obligation stipulated in the pricing supplement in respect of the note and accordingly, as the prospective
purchaser will assume credit exposure to both the issuer and such entity and/or obligation, the note is only
suitable for purchase by financially sophisticated investors after conducting all relevant independent
investigations. The risks pertaining to credit-linked notes generally are more fully set out in the programme
memorandum. Copies of the programme memorandum are available from the issuer.


15 March 2019

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

Date: 15/03/2019 12:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story