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FIRSTRAND BANK LIMITED - FRC520 FRC521 - Listing of New Financial Instruments

Release Date: 10/06/2024 16:45
Code(s): FRC521 FRC520     PDF:  
Wrap Text
FRC520 FRC521 - 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: FRC520       ISIN: ZAG000206137
Bond code: FRC521       ISIN: ZAG000206145
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FirstRand Bank Limited the listings of its FRC520 and FRC521 senior unsecured
unsubordinated notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from
time to time, effective 12 June 2024.

Type of debt security:                      Credit linked notes

Debt security code:                         FRC520
ISIN:                                       ZAG000206137
Nominal issued:                             R 75 000 000.00
Coupon rate:                                3 Month JIBAR plus 166 basis points
First interest payment date:                31 July 2024
Interest payment date(s):                   31 January, 30 April, 31 July and 31 October in each year until the
                                            maturity date
Last day to register:                       By 17:00 on 26 January, 25 April, 26 July and 26 October in each year
                                            until the maturity date
Books close:                                27 January, 26 April, 27 July and 27 October in each year until the
                                            maturity date
Maturity date:                              31 January 2030, subject to paragraph 51 of the pricing supplement

Debt security code:                         FRC521
ISIN:                                       ZAG000206145
Nominal issued:                             R 75 000 000.00
Coupon rate:                                3 Month JIBAR plus 185 basis points
First interest payment date:                31 August 2024
Interest payment date(s):                   28 February, 31 May, 31 August and 30 November 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 the maturity date
Books close:                                24 February, 27 May, 27 August and 26 November in each year until the
                                            maturity date
Maturity date:                              28 February 2031, subject to paragraph 51 of the pricing supplement

Issue date:                                 12 June 2024
Issue price:                                100% of par
Interest commencement date:                 12 June 2024
Interest determination date(s):             The first business day of each floating interest period, with the first
                                            interest determination date being the issue date
Business day convention:                    Modified following business day
Final maturity amount:                      100% of the aggregate nominal amount
Other:                                      The pricing supplements contain 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 supplements
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 42 062 411 026.62, as at the signature date of the pricing
                                            supplements
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited


10 June 2024

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

Date: 10-06-2024 04:45:00
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