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FIRSTRAND BANK LIMITED - FRB43 - Listing of New Financial Instrument

Release Date: 12/11/2024 10:50
Code(s): FRB43     PDF:  
Wrap Text
FRB43 - Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRB43
ISIN: ZAG000210261
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FRB approval for the listing of its FRB43 unsecured subordinated Tier 2 notes, in terms of its domestic medium
term note programme (the programme) dated 13 April 2021, as amended and/or supplemented from time to time, effective 13 November 2024.

Debt security code:                                 FRB43
ISIN:                                               ZAG000210261
Type of debt security:                              Floating rate notes
Nominal issued:                                     R2 500 000 000.00
Issue date:                                         13 November 2024
Issue price:                                        100%
Interest commencement date:                         13 November 2024
Coupon rate:                                        3 month JIBAR plus 173 basis points
Interest determination date(s):                     8 November 2024 for the first interest period and thereafter the first business day of each
                                                    interest period
First interest payment date:                        13 February 2025
Interest payment date(s):                           13 February, 13 May, 13 August and 13 November of each year until the maturity date, or
                                                    if such day is not a business day, the business day on which interest will be paid, as
                                                    determined in accordance with the applicable business day convention (as specified in the
                                                    applicable pricing supplement)
Last day to register:                               The register will be closed by 17:00 on 7 February, 7 May, 7 August, and 7 November of
                                                    each year until maturity date, or if such day is not a business day, the business day
                                                    preceding each books closed period
Books closed periods:                               The register will be closed from 8 February to 12 February, 8 May to 12 May, 8 August to
                                                    12 August and from 8 November to 12 November (all dates inclusive) of each year until the
                                                    maturity date
Maturity date:                                      13 November 2035
Applicable business day convention:                 Following business day
Final redemption amount:                            100% of the nominal value subject to the applicable capital regulations
Summary of additional terms:                        In addition to the terms and conditions contained in the programme, please refer to
                                                    the provisions applicable to the maturity date, the provisions applicable to
                                                    subordinated notes, the provisions regarding redemption/maturity, the trigger
                                                    events, the contractual write off conditions and the other provisions contained in the
                                                    applicable pricing supplement
Programme amount:                                   R100 000 000 000.00
Total notes in issue under programme:               R83 400 743 240.00 as at the signature date of the applicable pricing supplement
Dealer:                                             FirstRand Bank Limited (acting through its Rand Merchant Bank division)


12 November 2024

Debt sponsor
FirstRand Bank Limited

Date: 12-11-2024 10:50:00
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