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FIRSTRAND BANK LIMITED - FRC317 - Listing of New Financial Instrument

Release Date: 15/10/2019 12:50
Code(s): FRC317     PDF:  
Wrap Text
FRC317 - 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: FRC317
ISIN: ZAG000163551
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its senior unsecured unsubordinated credit-linked
notes, in terms of its note programme (the programme) dated 29 November 2011, as amended and updated from time
to time, effective 17 October 2019.

Debt security code:                          FRC317
ISIN:                                        ZAG000163551
Nominal issued:                              ZAR 50 000 000.00
Type of debt security:                       Credit-linked notes
Issue date:                                  17 October 2019
Issue price:                                 100%
Coupon rate:                                 3 month JIBAR plus 218 basis points
Interest commencement date:                  17 October 2019
Interest determination date(s):              The first business day of each Interest Period
First interest payment date:                 31 October 2019
Interest payment date(s):                    31 July, 31 October, 31 January and 30 April of each year until the
                                             Maturity Date
Last day to register:                        By 17:00 on 26 July, 26 October, 26 January and 25 April of each year
                                             until the Maturity Date
Books close:                                 27 July, 27 October, 27 January and 26 April of each year until the
                                             Maturity Date
Business day convention:                     Modified Following Business Day
Maturity date:                               31 July 2034, subject to paragraph 15 of the pricing supplement
Final maturity amount:                       100% of the Aggregate Nominal Amount
Other:                                       The pricing supplement contains changes to the terms and conditions as
                                             contained in the programme
Summary of additional terms:                 Please refer to the, early redemption and credit-linked note provisions
                                             contained in the pricing supplement

Programme amount:                            ZAR 30 000 000 000.00
Total notes in issue under programme:        ZAR 22 953 803 390.58
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division


15 October 2019

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

Date: 15/10/2019 12:50:00
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