Enhanced Investments - Financial Portal

FRII - Listing of New Financial Instruments

Published: 2023-09-11 18:12:18 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS344       ISIN: ZAG000199340
Bond code: FRS345       ISIN: ZAG000199365
Bond code: FRS346       ISIN: ZAG000199373
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted FirstRand Bank Limited the listings of its FRS344, FRS345 and FRS346 senior
unsecured unsubordinated structured notes, in terms of its note programme (the programme) dated 29 November
2011, as amended from time to time, effective 13 September 2023.

Debt security code:                         FRS344
ISIN:                                       ZAG000199340
Type of debt security:                      Fixed rate notes
Nominal issued:                             R 35 000 000.00
Coupon rate:                                11.96%
First interest payment date:                13 March 2024
Interest payment date(s):                   13 March 2024 and 13 September 2024
Last day to register:                       By 17:00 on 8 March 2024 and 8 September 2024
Books close:                                9 March 2024 and 9 September 2024

Debt security code:                         FRS345
ISIN:                                       ZAG000199365
Type of debt security:                      Floating rate note
Nominal issued:                             R 28 000 000.00
Coupon rate:                                3 month JIBAR plus 353 basis points
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
First interest payment date:                13 December 2023
Interest payment date(s):                   13 December 2023, 13 March 2024, 13 June 2024 and 13 September
                                            2024
Last day to register:                       By 17:00 on 8 December 2023, 8 March 2024, 8 June 2024 and 8
                                            September 2024
Books close:                                9 December 2023, 9 March 2024, 9 June 2024, 9 September 2024

Debt security code:                         FRS346
ISIN:                                       ZAG000199373
Type of debt security:                      Floating rate note
Nominal issued:                             R 200 000 000.00
Coupon rate:                                3 month JIBAR plus 276 basis points
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
First interest payment date:                13 December 2023
Interest payment date(s):                   13 December 2023, 13 March 2024, 13 June 2024 and 13 September
                                            2024
Last day to register:                       By 17:00 on 8 December 2023, 8 March 2024, 8 June 2024 and 8
                                            September 2024
Books close:                                9 December 2023, 9 March 2024, 9 June 2024, 9 September 2024


THE BELOW SECTION IS APPLICABLE TO THE FRS344, FRS345 AND FRS346 NOTES ABOVE:
Issue date:                             13 September 2023
Issue price:                            100% of par
Interest commencement date:             13 September 2023
Business day convention:                Modified Following Business Day
Maturity date:                          13 September 2024
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 reference bond early redemption event, the early
                                        redemption at the option of the issuer, the early redemption amount, the
                                        physical settlement option of the Issuer and the reference bond
                                        provisions contained in the pricing supplements
Programme amount:                       R 60 000 000 000.00
Total notes in issue under programme:   R 35 285 769 608.97 as at the signature date of the pricing
                                        supplements, which takes into consideration the FRS344, FRS345
                                        and FRS346 notes
Dealer:                                 FirstRand Bank Limited, acting through its Rand Merchant Bank division




11 September 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.
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.