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FIRSTRAND BANK LIMITED - FRC545 FRC546 - Listing of New Financial Instruments

Release Date: 26/09/2024 10:55
Code(s): FRC546 FRC545     PDF:  
Wrap Text
FRC545 FRC546 - 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: FRC545       ISIN: ZAG000209321
Bond code: FRC546       ISIN: ZAG000209172
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC545 and FRC546 senior unsecured unsubordinated notes, in terms
of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 30
September 2024.

Type of debt security:                      Credit linked notes

Debt security code:                         FRC545
ISIN:                                       ZAG000209321
Nominal issued:                             R 60 000 000.00
Coupon rate:                                3 Month JIBAR plus 226 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:                20 December 2024
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
Maturity date:                              20 June 2031, 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 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 supplement

Debt security code:                         FRC546
ISIN:                                       ZAG000209172
Nominal issued:                             R 60 000 000.00
Coupon rate:                                9.46% per annum for all interest periods commencing from the issue date
                                            and ending on but excluding 30 September 2026, 3 Month JIBAR plus
                                            156.5 basis points for all interest periods commencing from 30
                                            September 2026 and ending on but excluding 30 September 2029, and
                                            9.46% per annum for all interest periods commencing from 30 September
                                            2029 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 30 September 2026
First interest payment date:                31 December 2024
Interest payment date(s):                   31 March, 30 June, 30 September and 31 December in each year until
                                            the maturity date
Last day to register:                       By 17:00 on 26 March, 25 June, 25 September and 26 December in each
                                            year until the maturity date
Books close:                                27 March, 26 June, 26 September and 27 December in each year until
                                            the maturity date
Maturity date:                              31 March 2032, 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 cessation of interest, the 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


THE BELOW SECTION IS APPLICABLE TO THE FRC545 AND FRC546 NOTES ABOVE:

Issue date:                                 30 September 2024
Interest commencement date:                 30 September 2024
Issue price:                                100% of par
Business day convention:                    Modified following business day
Final redemption amount:                    100% of the aggregate nominal amount
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 42 807 258 701.07 as at the signature date of the FRC546
                                            pricing supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division


26 September 2024

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

Date: 26-09-2024 10:55:00
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