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FIRSTRAND BANK LIMITED - FRS329 FRS330 - Listing of New Financial Instruments

Release Date: 31/05/2023 11:39
Code(s): FRS329 FRS330     PDF:  
Wrap Text
FRS329 FRS330 - 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: FRS329       ISIN: ZAG000196619
Bond code: FRS330       ISIN: ZAG000196627
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FirstRand Bank the listings of its FRS329 and FRS320 unsecured structured notes, in terms of
its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 1 June
2023.

Debt security code:                         FRS329
ISIN:                                       ZAG000196619
Type of debt security:                      Floating rate notes
Nominal issued:                             ZAR 50 000 000.00
Coupon rate:                                19.615% minus 3 Month JIBAR
Maturity date:                              1 June 2028
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 manner in which interest rate is to be determined,
                                            early redemption at the option of the Issuer and the early redemption
                                            provisions contained in the pricing supplement

Debt security code:                         FRS330
ISIN:                                       ZAG000196627
Type of debt security:                      Floating rate notes
Nominal issued:                             ZAR 100 000 000.00
Coupon rate:                                3 Month JIBAR plus 221 basis points, with a maximum rate of 12.02%
Maturity date:                              1 June 2030
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 early redemption at the option of the Issuer and the
                                            early redemption provisions contained in the pricing supplement

Issue date:                                 1 June 2023
Issue price:                                100% of par
Interest commencement date:                 1 June 2023
First interest payment date:                1 September 2023
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):                   1 March, 1 June, 1 September and 1 December of each year until the
                                            maturity date
Last day to register:                       By 17:00 on 24 February, 27 May, 27 August and 26 November of each
                                            year until the maturity date
Books close:                                25 February, 28 May, 28 August and 27 November of each year until the
                                            maturity date
Final maturity amount:                      100% of par

Business day convention:                    Modified Following Business Day
Programme amount:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 34 558 023 740.97, as at the signature date of the FRS329
                                            pricing supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited

31 May 2023

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

Date: 31-05-2023 11:39:00
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