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FRC402 FRS299 - Listing of new Financial Instruments

Published: 2022-05-11 15:29:28 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: FRC402       ISIN: ZAG000185877
Bond code: FRS299       ISIN: ZAG000185836
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FRB the listings of its FRS299 unsecured structured notes and FRC402 senior unsecured
unsubordinated notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from
time to time, effective 12 May 2022 and 13 May 2022 respectively.

Debt security code:                         FRS299
ISIN:                                       ZAG000185836
Type of debt security:                      Single index and currency linked notes
Nominal issued:                             ZAR 40 000 000.00
Issue date:                                 12 May 2022
Last day to register:                       By 17:00 on 07 May 2023
Books close:                                08 May 2023
Business day convention:                    Following business day
Maturity date:                              12 May 2023
Final maturity amount:                      An amount in ZAR determined and calculated by the Calculation Agent
                                            equal to the Index Linked Redemption Amount:
                                            ILRA = ANA * ((FIL / IIL) + ARA * DC)) * (FXFVD/FXFSD), all definitions
                                            used in this calculation are as per the pricing supplement
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 redemption/payment basis, the early redemption at
                                            the option of the issuer, the final and early redemption amounts and the
                                            FX disruption provisions contained in the pricing supplement

Debt security code:                         FRC402
ISIN:                                       ZAG000185877
Type of debt security:                      Credit linked notes
Nominal issued:                             ZAR 150 000 000.00, subject to the provisions of paragraph 7(a) of
                                            the pricing supplement
Issue date:                                 13 May 2022
Interest commencement date:                 13 May 2022
Coupon rate:                                3 Month JIBAR plus 540 basis points
Interest determination date(s):             The first business day of each interest period
First interest payment date:                20 June 2022
Interest payment date(s):                   20 March, 20 June, 20 September and 20 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 15 March, 15 June, 15 September and 15 December of each
                                            year until the maturity date
Books close:                                16 March, 16 June, 16 September and 16 December of each year until
                                            the Maturity Date
Business day convention:                    Modified following business day
Maturity date:                              20 June 2027
Final maturity amount:                      100% of the aggregate nominal amount outstanding at the maturity date
                                            less any outstanding unwind costs difference payment
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 aggregate nominal amount, the redemption/payment
                                            basis, the interest payable on the note, the cessation of interest, the
                                        interest amount, the net asset value event, the final redemption amount,
                                        the early redemption at the option of the issuer, the early redemption
                                        amount, the credit linked notes provisions and the reference CDS
                                        provisions as contained in the pricing supplement


Issue price:                            100% of par
Programme amount:                       ZAR 30 000 000 000.00
Total notes in issue under programme:   ZAR 28 685 935 468.00 as at the signature date of the FRC402
                                        pricing supplement
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited



11 May 2022

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