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FIRSTRAND BANK LIMITED - FRC467 FRS323 - Listing of new financial instruments

Release Date: 17/05/2023 15:45
Code(s): FRS323 FRC467     PDF:  
Wrap Text
FRC467 FRS323 - 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: FRS323       ISIN: ZAG000196072
Bond code: FRC467       ISIN: ZAG000196114
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FirstRand Bank the listings of its FRC467 senior unsecured unsubordinated notes and its
FRS323 unsecured structured notes, in terms of its note programme (the programme) dated 29 November 2011, as
amended from time to time, effective 18 and 19 May 2023, respectively.

Debt security code:                         FRC467
ISIN:                                       ZAG000196114
Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 130 000 000.00
Issue date:                                 18 May 2023
Interest commencement date:                 18 May 2023
Coupon rate:                                3 Month JIBAR plus 230 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 June 2023
Interest payment date(s):                   20 June 2023, 20 September 2023 and 20 December 2023
Last day to register:                       By 17:00 on 15 June 2023, 15 September 2023 and 15 December
                                            2023
Books close:                                16 June 2023, 16 September 2023 and 16 December 2023
Business day convention:                    Modified following business day
Maturity date:                              20 December 2023, subject to paragraph 51 of the pricing supplement
Final maturity amount:                      100% of the aggregate nominal amount, 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:                         FRS323
ISIN:                                       ZAG000196072
Type of debt security:                      Single index and currency linked notes
Nominal issued:                             ZAR 100 000 000.00
Issue date:                                 19 May 2023
Last day to register:                       By 17:00 on 15 November 2023
Books close:                                16 November 2023
Business day convention:                     Following business day
Maturity date:                              20 November 2023
Final maturity amount:                      An amount in ZAR determined and calculated by the Calculation Agent
                                            equal to the Index Linked Redemption Amount:
                                            ILRA = ANA * ((FIL / IIL) + ARA * DC)) * (FXFVD/FXFSD), all definitions
                                            used in this calculation are as per 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 redemption/payment basis, the early redemption at
                                            the option of the issuer, the final and early redemption amount and the
                                            FX disruption provision contained in the pricing supplement

Issue price:                                100% of par
Programme amount:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 33 912 154 440.97 as at the signature date of the FRS323
                                            pricing supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




17 May 2023

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17-05-2023 03:45:00
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