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FIRSTRAND BANK LIMITED - FRC570 - Listing of New Financial Instrument

Release Date: 14/03/2025 10:25
Code(s): FRC570     PDF:  
Wrap Text
FRC570 - Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC570       ISIN: ZAG000213638
(FRB)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC570 senior unsecured unsubordinated notes, in terms of its note programme (the programme)
dated 29 November 2011, as amended or supplemented from time to time, effective 18 March 2025.


Debt security code:                                FRC570
ISIN:                                              ZAG000213638
Type of debt security:                             Credit linked notes
Nominal issued:                                    R75 000 000.00
Issue date:                                        18 March 2025
Issue price:                                       100% of par
Interest commencement date:                        18 March 2025
Coupon rate:                                       19.52% – 3 Month JIBAR, as determined in accordance with paragraph 22 of the pricing
                                                   supplement
First interest payment date:                       30 April 2025
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):                          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
Business day convention:                           Modified following business day
Maturity date:                                     31 January 2037, 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, the manner in which interest rates is to be determined, the
                                                   provisions relating to redemption, 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:              R48 108 898 093.21 as at the signature date of the pricing supplement
Dealer:                                            FirstRand Bank Limited, acting through its Rand Merchant Bank division

14 March 2025

Debt sponsor
FirstRand Bank Limited

Date: 14-03-2025 10:25:00
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