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FIRSTRAND BANK LIMITED - FRC352 FRC353 - Listing of new Financial Instruments

Release Date: 24/11/2020 11:13
Code(s): FRC353 FRC352     PDF:  
Wrap Text
FRC352 FRC353 - Listing of new Financial Instruments

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC352       ISIN: ZAG000172891
Bond code: FRC353       ISIN: ZAG000172883
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC352 and FRC353 senior unsecured unsubordinated credit linked
notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time,
effective 25 November 2020.

Type of debt security:                      Credit linked notes

Debt security code:                         FRC352
ISIN:                                       ZAG000172891
Nominal issued:                             ZAR 50 000 000.00
Coupon rate:                                3 Month JIBAR plus 327 basis points
First interest payment date:                2 February 2021
Interest payment date(s):                   2 February, 2 May, 2 August and 2 November of each year until the
                                            Maturity Date
Last day to register:                       By 17:00 on 28 January, 27 April, 28 July and 28 October of each year
                                            until the Maturity Date
Books close:                                29 January, 28 April, 29 July and 29 October of each year until the
                                            Maturity Date
Maturity date:                              2 May 2023, subject to paragraph 51 of the pricing supplement
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 net asset value and reference obligation early
                                            redemption event, early redemption at the option of the issuer, early
                                            redemption amount and credit linked note provisions contained in the
                                            pricing supplements

Debt security code:                         FRC353
ISIN:                                       ZAG000172883
Nominal issued:                             ZAR 100 000 000.00
Coupon rate:                                3 Month JIBAR plus 270 basis points
First interest payment date:                31 January 2021
Interest payment date(s):                   31 January, 30 April, 31 July and 31 October of each year until the
                                            Maturity Date
Last day to register:                       By 17:00 on 26 January, 25 April, 26 July and 26 October of each year
                                            until the Maturity Date
Books close:                                27 January, 26 April, 27 July and 27 October of each year until the
                                            Maturity Date
Maturity date:                              31 January 2037, subject to paragraph 51 of the pricing supplement
Optional redemption date(s):                31 July 2023, 31 January 2026, 31 July 2028, 31 January 2031, 31 July
                                            2033 and 31 January 2036
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 reference obligation early redemption event, early
                                            redemption at the option of the issuer, early redemption amount and
                                            credit linked note provisions contained in the pricing supplements

Issue date:                                 25 November 2020
Issue price:                                100%
Interest commencement date:                 25 November 2020
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
Business day convention:                    Modified Following Business Day
Final maturity amount:                      100% of the aggregate nominal amount

Programme amount:                           ZAR 30 000 000 000.00
Total notes in issue under programme:       ZAR 22 506 673 326.93 as at the signature date of the pricing
                                            supplements
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited



24 November 2020

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

Date: 24-11-2020 11:13:00
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