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FIRSTRAND BANK LIMITED - FRC557 FRC558 FRC559 - Listing of New Financial Instruments

Release Date: 29/01/2025 09:45
Code(s): FRC557 FRC558 FRC559     PDF:  
Wrap Text
FRC557 FRC558 FRC559 - 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: FRC557       ISIN: ZAG000212135
Bond code: FRC558       ISIN: ZAG000212127
Bond code: FRC559       ISIN: ZAG000212119
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC557, FRC558, FRC559 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended and supplemented from time to time, effective 30 January 2025.

Type of debt security:                           Credit linked notes

Debt security code:                              FRC557
ISIN:                                            ZAG000212135
Nominal issued:                                  R100 000 000.00
Coupon rate:                                     3 Month JIBAR plus 150 basis points
Maturity date:                                   20 December 2029, subject to paragraph 51 of the pricing supplement

Debt security code:                              FRC558
ISIN:                                            ZAG000212127
Nominal issued:                                  R50 000 000.00
Coupon rate:                                     3 Month JIBAR plus 180 basis points
Maturity date:                                   20 December 2031, subject to paragraph 51 of the pricing supplement

Debt security code:                              FRC559
ISIN:                                            ZAG000212119
Nominal issued:                                  R100 000 000.00
Coupon rate:                                     3 Month JIBAR plus 240 basis points, subject to a maximum coupon rate of 10.60%
Maturity date:                                   20 December 2031, subject to paragraph 51 of the pricing supplement

Issue date:                                      30 January 2025
Issue price:                                     100% of par
Interest commencement date:                      30 January 2025
First interest payment date:                     20 March 2025
Interest determination date(s):                  The first business day of each interest period, with the first interest determination date
                                                 being the issue date
Interest payment date(s):                        20 March, 20 June, 20 September and 20 December in each year until the maturity date
Last day to register:                            By 17:00 on 15 March, 15 June, 15 September and 15 December in each year until the
                                                 maturity date
Books close:                                     16 March, 16 June, 16 September and 16 December in each year until the maturity date
Business day convention:                         Modified following business day
Final redemption amount:                         100% of the aggregate nominal amount, subject to paragraph 51 of the pricing
                                                 supplement
Summary of additional terms:                     In addition to the terms and conditions contained in the programme, please refer to the
                                                 cessation of interest, the early redemption at the option of the issuer, the early
                                                 redemption amount and the credit linked notes provisions as contained in the pricing
                                                 supplements

Programme amount:                                R60 000 000 000.00
Total notes in issue under programme:            R44 812 987 070.80 as at the signature date of the FRC559 pricing supplement
Dealer:                                          FirstRand Bank Limited, acting through its Rand Merchant Bank division


29 January 2025

Debt sponsor
FirstRand Bank Limited

Date: 29-01-2025 09:45:00
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