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FRC414 - Listing of New Financial Instrument

Published: 2022-06-14 11:48:28 ET
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FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC414
ISIN: ZAG000187147
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited the listing of its FRC414 senior unsecured unsubordinated
notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time,
effective 15 June 2022.

Debt security code:                          FRC414
ISIN:                                        ZAG000187147
Type of debt security:                       Credit linked notes
Nominal issued:                              ZAR 45 000 000.00
Issue date:                                  15 June 2022
Issue price:                                 100% of par
Interest commencement date:                  15 June 2022
Coupon rate:                                 3 Month JIBAR plus 350 basis points for all interest periods commencing
                                             from the issue date and ending on but excluding 31 May 2027, subject to
                                             a maximum rate of 11.1620% and 10.4500% for all interest periods
                                             commencing from 31 May 2027 and ending on but excluding the maturity
                                             date
Interest determination date(s):              For all interest periods commencing from the issue date and ending on
                                             but excluding 31 May 2027, the first business day of each interest period,
                                             with the first interest determination date being the issue date
First interest payment date:                 31 August 2022
Interest payment date(s):                    28 February, 31 May, 31 August and 30 November of each year until the
                                             maturity date
Last day to register:                        By 17:00 on 23 February, 26 May, 26 August and 25 November of each
                                             year until the maturity date
Books close:                                 24 February, 27 May, 27 August and 26 November of each year until the
                                             maturity date
Business day convention:                     Modified following business day
Maturity date:                               28 February 2035, subject to paragraph 51 of the pricing supplement
Final maturity amount:                       100% of the aggregate nominal amount
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 mixed rate note provisions, 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 supplement
Programme amount:                            ZAR 60 000 000 000.00
Total notes in issue under programme:        ZAR 29 478 834 399.30 as at the signature date of the pricing
                                             supplement
Dealer:                                      FirstRand Bank Limited, acting through its Rand Merchant Bank division




14 June 2022

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