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FRS300 FRS301 - Listing of New Financial Instruments

Published: 2022-05-12 13:20:26 ET
<<<  go to JSE:FSR company page
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS300       ISIN: ZAG000185885
Bond code: FRS301       ISIN: ZAG000185893
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRS300 and FRS301 unsecured notes, in terms of its note programme
(the programme) dated 29 November 2011, as amended from time to time, effective 13 May 2022 and 16 May 2022
respectively.

Debt security code:                         FRS300
ISIN:                                       ZAG000185885
Type of debt security:                      Floating rate notes
Issue date:                                 13 May 2022
Interest commencement date:                 13 May 2022
Coupon rate:                                16.37% minus 3 Month JIBAR, subject to the terms and conditions
                                            contained in paragraph 22(a) of the pricing supplement
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:                13 August 2022
Interest payment date(s):                   13 February, 13 May, 13 August and 13 November of each year until the
                                            maturity date
Last day to register:                       By 17:00 on 8 February, 8 May, 8 August and 8 November of each year
                                            until the maturity date
Books close:                                9 February, 9 May, 9 August and 9 November of each year until the
                                            maturity date
Maturity date:                              13 May 2027
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 the interest rate(s) is/are to be
                                            determined, the early redemption at the option of the issuer, the early
                                            redemption amount and the additional conditions contained in paragraph
                                            94 of the pricing supplement

Debt security code:                         FRS301
ISIN:                                       ZAG000185893
Type of debt security:                      Floating rate notes
Issue date:                                 16 May 2022
Interest commencement date:                 16 May 2022
Coupon rate:                                3 Month JIBAR plus 200 basis points
Maximum rate of interest:                   10.052% NACQ
Interest determination date(s):             The first business day of each interest period
First interest payment date:                16 August 2022
Interest payment date(s):                   16 February, 16 May, 16 August and 16 November of each year until the
                                            maturity date
Last day to register:                       By 17:00 on 11 February, 11 May, 11 August and 11 November of each
                                            year until the maturity date
Books close:                                12 February, 12 May and 12 August and 12 November of each year until
                                            the maturity date
Maturity date:                              16 May 2027
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 amount.

Nominal issued:                         ZAR 200 000 000.00
Issue price:                            100% of par
Business day convention:                Modified following business day
Final maturity amount:                  100% of par
Programme amount:                       ZAR 30 000 000 000.00
Total notes in issue under programme:   ZAR 28 204 935 468.00 as at the signature date of the FRC300
                                        pricing supplement
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited



12 May 2022

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