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FIRSTRAND BANK LIMITED - FRC560 - Listing of New Financial Instruments

Release Date: 30/01/2025 15:30
Code(s): FRC560     PDF:  
Wrap Text
FRC560 - 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: FRC560       ISIN: ZAG000212176
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC560 senior unsecured unsubordinated notes, in terms of its note programme (the programme)
dated 29 November 2011, as amended from time to time, effective 3 February 2025.

Debt security code:                                FRC560
ISIN:                                              ZAG000212176
Type of debt security:                             Credit linked notes
Nominal issued:                                    R800 000 000.00
Issue date:                                        3 February 2025
Issue price:                                       100% of par
Interest commencement date:                        3 February 2025
Coupon rate:                                       3 Month JIBAR plus 350 basis points, subject to a maximum coupon rate of 11.25% for all
                                                   interest periods commencing from the issue date and ending on but excluding 28
                                                   February 2030 and 9.45% per annum for all interest periods commencing from 28
                                                   February 2030 and ending on but excluding the maturity date
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:                       28 February 2025
Interest payment date(s):                          28 February, 31 May, 31 August and 30 November in each year until 28 February 2030
                                                   and thereafter 28 February and 31 August 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 28
                                                   February 2030 and thereafter by 17:00 on 23 February and 26 August in each year until
                                                   the maturity date
Books close:                                       24 February, 27 May, 27 August and 26 November in each year until 28 February 2030
                                                   and thereafter 24 February and 27 August 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
Summary of additional terms:                       In addition to the terms and conditions contained in the programme, please refer to the
                                                   cessation of interest, mixed rate note, 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:                                  R60 000 000 000.00
Total notes in issue under programme:              R45 615 903 737.80 as at the signature date of the pricing supplement
Dealer:                                            FirstRand Bank Limited, acting through its Rand Merchant Bank division

30 January 2025

Debt sponsor
FirstRand Bank Limited

Date: 30-01-2025 03:30:00
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