Enhanced Investments - Financial Portal

FRS334 - Listing of New Financial Instrument

Published: 2023-06-06 13:45:28 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS334       ISIN: ZAG000196791
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FirstRand Bank the listing of its FRS334 unsecured notes, in terms of its note programme (the
programme) dated 29 November 2011, as amended from time to time, effective 7 June 2023.

Debt security code:                         FRS334
ISIN:                                       ZAG000196791
Type of debt security:                      Floating rate notes
Nominal issued:                             R 180 000 000.00
Issue date:                                 7 June 2023
Issue price:                                106.16660518% of par
Interest commencement date:                 21 March 2023
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the interest commencement date
Coupon rate:                                3 Month JIBAR plus 200 basis points from the interest commencement
                                            date and ending on but excluding 21 June 2023 and 206 basis points
                                            from 21 June 2023 and ending on but excluding the maturity date
First interest payment date:                21 June 2023
Interest payment date(s):                   21 March, 21 June, 21 September and 21 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 date
Books close:                                17 March, 17 June, 17 September and 17 December of each year until
                                            the maturity date
Maturity date:                              21 December 2027
Final maturity amount:                      100% of par
Business day convention:                    Modified Following Business Day
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 provisions contained in the pricing supplement

Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 34 443 023 740.97, as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




6 June 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

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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.
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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.