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FIRSTRAND BANK LIMITED - FRC516 - Listing of New Financial Instrument

Release Date: 17/05/2024 17:45
Code(s): FRC516     PDF:  
Wrap Text
FRC516 - 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: FRC516       ISIN: ZAG000205675


The JSE has granted FRB the listing of its FRC516 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 20 May 2024.

Debt security code:                         FRC516
ISIN:                                       ZAG000205675
Type of debt security:                      Credit linked notes
Nominal issued:                             R 150 000 000.00
Issue date:                                 20 May 2024
Issue price:                                100% of par
Interest commencement date:                 20 May 2024
Coupon rate:                                3 Month JIBAR plus 201 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:                31 May 2024
Interest payment date(s):                   28 February, 31 May, 31 August and 30 November in each year until the
                                            maturity date
Last day to register:                       By 17:00 on 23 February, 26 May, 26 August and 25 November in each
                                            year until the maturity date
Books close:                                24 February, 27 May, 27 August and 26 November in each year until the
                                            maturity date
Business day convention:                    Modified following business day
Maturity date:                              28 February 2035, subject to paragraph 51 of the pricing supplement
Final redemption amount:                    100% of the aggregate nominal amount
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 cessation of interest, the reference obligation early
                                            redemption event, the early redemption at the option of the issuer, the
                                            early redemption amount and the credit linked notes provisions as
                                            contained in the pricing supplement
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 41 873 792 610.62 as at the signature date of the pricing
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited

17 May 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 17-05-2024 05:45:00
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