Enhanced Investments - Financial Portal

FRII - Listing of New Financial Instruments and Tap Issues

Published: 2023-03-20 15:59:20 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRJ28        ISIN: ZAG000177205
Bond code: FRJ30        ISIN: ZAG000194713
Bond code: FRJ33        ISIN: ZAG000194721
Bond code: FRX28        ISIN: ZAG000152836
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS AND TAP ISSUES

The JSE has granted FRB the listing of its FRJ28, FRJ30, FRJ33 and FRX28 senior unsecured notes, in terms of its
note programmes (the programme) dated 14 October 2015 and 13 April 2021 respectively, as amended from time to
time, effective 23 March 2023.

Debt security code:                         FRJ28
ISIN:                                       ZAG000177205
Type of debt security:                      Floating rate notes
Nominal Before Issue:                       ZAR 2 019 000 000
Nominal Issued:                             ZAR 1 187 000 000
Nominal After Issue:                        ZAR 3 206 000 000
Issue price:                                100.60400%
Interest commencement date:                 22 March 2023
Coupon rate:                                3 Month JIBAR plus 145 basis points
Interest determination date(s):             22 March 2023 for the first interest period and thereafter the first business
                                            day of each interest period
First interest payment date:                22 June 2023
Interest payment date(s):                   22 March, 22 June, 22 September and 22 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 16 March, 16 June, 16 September and 16 December of each
                                            year until the maturity
Books close:                                17 March, 17 June, 17 September and 17 December of each year until
                                            the maturity date
Maturity date:                              22 June 2028
Final maturity amount:                      100% of the nominal issued

Debt security code:                         FRJ30
ISIN:                                       ZAG000194713
Type of debt security:                      Floating rate notes
Nominal issued:                             ZAR 1 190 000 000.00
Issue price:                                100%
Interest commencement date:                 23 March 2023
Coupon rate:                                3 Month JIBAR plus 142 basis points
Interest determination date(s):             17 March 2023 for the first interest period and thereafter the first business
                                            day of each interest period
First interest payment date:                23 June 2023
Interest payment date(s):                   23 March, 23 June, 23 September and 23 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 17 March, 27 June, 17 September and 17 December of each
                                            year until the maturity
Books close:                                18 March, 18 June, 18 September and 18 December of each year until
                                            the maturity date
Maturity date:                              23 March 2030
Final maturity amount:                      100% of the nominal issued

Debt security code:                         FRJ33
ISIN:                                   ZAG000194721
Type of debt security:                  Floating rate notes
Nominal issued:                         ZAR 15 000 000.00
Issue price:                            100%
Interest commencement date:             23 March 2023
Coupon rate:                            3 Month JIBAR plus 152 basis points
Interest determination date(s):         17 March 2023 for the first interest period and thereafter the first business
                                        day of each interest period
First interest payment date:            23 June 2023
Interest payment date(s):               23 March, 23 June, 23 September and 23 December of each year until
                                        the maturity date
Last day to register:                   By 17:00 on 17 March, 17 June, 17 September and 17 December of each
                                        year until the maturity
Books close:                            18 March, 18 June, 18 September and 18 December of each year until
                                        the maturity date
Maturity date:                          23 March 2033
Final maturity amount:                  100% of the nominal issued

Debt security code:                     FRX28
ISIN:                                   ZAG000152836
Type of debt security:                  Fixed rate notes
Nominal Before Issue:                   ZAR 140 000 000
Nominal Issued:                         ZAR 183 000 000
Nominal After Issue:                    ZAR 323 000 000
Issue price:                            104.17675%
Interest commencement date:             26 January 2023
Coupon rate:                            10.120%
Interest determination date(s):         26 January 2023
First interest payment date:            26 July 2023
Interest payment date(s):               26 January and 26 July of each year until the maturity date and the
                                        maturity date
Last day to register:                   By 17:00 on 15 January and 15 July of each year until the maturity date
Books close:                            16 January and 16 July of each year until the maturity date
Maturity date:                          26 January 2028
Final maturity amount:                  ZAR 183 000 000.00


Issue date:                             23 March 2023
Business day convention:                Following business day
Other:                                  The pricing supplement does not contain additional terms and conditions
                                        to the terms and conditions as contained in the programme
Summary of additional terms:            Not applicable
Programme amount:                       ZAR 100 000 000 000.00
Total notes in issue under programme:   ZAR 78 924 580 830.00 as at the signature date of the pricing
                                        supplements
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited




20 March 2023

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.