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FRC473 FRC474 - Listing of New Financial Instruments

Published: 2023-05-26 17:55:24 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: FRC473       ISIN: ZAG000196551
Bond code: FRC474       ISIN: ZAG000196569
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRC473 and FRC474 senior unsecured unsubordinated notes, in terms
of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 29 May
2023.

Debt security code:                         FRC473
ISIN:                                       ZAG000196551
Issue price:                                100.905% of par
Coupon rate:                                10.655% for the interest period from the interest commencement date
                                            and ending on but excluding 31 July 2023, 3 Month JIBAR plus 300 basis
                                            points, for all interest periods commencing from 31 October 2023 and
                                            ending on but excluding 31 October 2028 with a maximum rate of
                                            12.332%, and 10.450% for all interest periods commencing from 31
                                            October 2028 and ending on but excluding the maturity date
Interest determination date(s):             The first business day of each floating interest period, with the first
                                            interest determination date being 31 July 2023
Maturity date:                              31 January 2037, subject to paragraph 51 of the pricing supplement

Debt security code:                         FRC474
ISIN:                                       ZAG000196569
Issue price:                                100.944% of par
Coupon rate:                                3 Month JIBAR plus 316.2 basis points, for all interest periods
                                            commencing from the interest commencement date and ending on but
                                            excluding 31 October 2028 with a maximum rate of 12.494% and
                                            10.460% for all interest periods commencing from 31 October 2028 and
                                            ending on but excluding the maturity date
Interest determination date(s):             The first business day of each floating interest period, with the first
                                            interest determination date being 28 April 2023
Maturity date:                              31 January 2040, subject to paragraph 51 of the pricing supplement


Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 50 000 000.00
Issue date:                                 29 May 2023
Interest commencement date:                 28 April 2023
First interest payment date:                31 July 2023
Interest payment date(s):                   31 January, 30 April, 31 July and 31 October of each year until the
                                            maturity date
Last day to register:                       By 17:00 on 26 January, 25 April, 26 July and 26 October of each year
                                            until the maturity date
Books close:                                27 January, 26 April, 27 July and 27 October of each year until the
                                            maturity 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 mixed rate note provisions,
                                            the reference obligation early redemption event, 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:                       ZAR 60 000 000 000.00
Total notes in issue under programme:   ZAR 34 146 123 740.97 as at the signature date of the FRC474
                                        pricing supplement
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited



26 May 2023

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