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FIRSTRAND BANK LIMITED - FRBI25 and FRBI28 - Listing of Tap Issuances

Release Date: 22/03/2019 14:30
Code(s): FRBI25 FRBI28
 
Wrap Text
FRBI25 and FRBI28 - Listing of Tap Issuances

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRBI25       ISIN: ZAG000109588
Bond code: FRBI28       ISIN: ZAG000079237
(FRB)

LISTING OF TAP ISSUANCES

The JSE Limited has granted FirstRand Bank Limited the additional listing of its senior unsecured inflation-
lined notes, in terms of its domestic medium term note (DMTN) programme dated 29 November 2011,
effective 25 March 2019.

Debt security code:                          FRBI25
ISIN:                                        ZAG000109588
Type of debt security:                       Inflation-linked notes
Nominal before issue:                        ZAR 1 247 700 000.00
Nominal issued:                              ZAR 17 000 000.00
Nominal after issue:                         ZAR 1 264 700 000.00
Issue date:                                  25 March 2019
Issue price:                                 127.98152%
Coupon rate:                                 2%, as adjusted in accordance with the pricing supplement
Interest commencement date:                  31 January 2019
First interest payment date:                 31 July 2019
Interest payment date(s):                    31 July and 31 January of each year until maturity
Last day to register:                        By 17:00 on 20 July and 20 January of each year until maturity
Books close:                                 21 July and 21 January of each year until maturity
Business day convention:                     Modified Following Business day
Maturity date:                               31 January 2025
Base CPI:                                    77.6280671697466
Final maturity amount:                       100% of the total notes in issue adjusted by the CPI adjustment for the
                                             maturity date, provided that if the amount so adjusted is less than 100%
                                             of the total notes in issue, the final redemption amount will be 100% of
                                             the total notes in issue.

The JSE Limited has granted FirstRand Bank Limited the additional listing of its senior unsecured inflation-
lined notes, in terms of its domestic medium term note (DMTN) programme dated 22 April 2008, effective 27
March 2019.

Debt security code:                          FRBI28
ISIN:                                        ZAG000079237
Type of debt security:                       Inflation-linked notes
Nominal before issue:                        ZAR 1 928 120 000.00
Nominal issued:                              ZAR 86 300 000.00
Nominal after issue:                         ZAR 2 014 420 000.00
Issue date:                                  27 March 2019
Issue price:                                 173.76020 %
Coupon rate:                                 2.60%, as adjusted in accordance with the pricing supplement
Interest commencement date:                  31 March 2019
First interest payment date:                 30 September 2019
Interest payment date(s):                    30 September and 31 March of each year until maturity
Last day to register:                        By 17:00 on 19 September and 20 March of each year until maturity
Books close:                                 20 September and 21 March July of each year until maturity
Business day convention:                     Modified Following Business day
Maturity date:                               31 March 2028
Base CPI:                                    56.5049884521589
Final maturity amount:                       100% of the total notes in issue adjusted by the CPI adjustment for the
                                             maturity date, provided that if the amount so adjusted is less than 100%
                                             of the total notes in issue, the final redemption amount will be 100% of
                                             the total notes in issue.

Other:                                       The pricing supplements do not contain additional terms and conditions
                                             or changes to the terms and conditions as contained in the DMTN
Summary of additional terms:                 Not applicable

Programme amount:                            ZAR 100 000 000 000.00
Total notes in issue under programme:        ZAR 74 156 280 829.61, inclusive of all issuances under the FRB
                                             DMTN programmes
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.


22 March 2019

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

Date: 22/03/2019 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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