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FRS354 - Listing of New Financial Instrument

Published: 2023-11-09 08:30:48 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: FRS354       ISIN: ZAG000200940
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FRB the listing of its FRS354 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
November 2023.

Debt security code:                         FRS354
ISIN:                                       ZAG000200940
Type of debt security:                      Floating rate note
Nominal issued:                             R 120 000 000.00
Issue date:                                 13 November 2023
Issue price:                                100% of par
Interest commencement date:                 13 November 2023
Coupon rate:                                3 month JIBAR plus 155 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:                31 December 2023
Interest payment date(s):                   31 March, 30 June, 30 September and 31 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 26 March, 25 June, 25 September and 26 December of each
                                            year until the maturity date
Books close:                                27 March, 26 June, 26 September and 27 December of each year until
                                            the maturity date
Business day convention:                    Modified Following Business Day
Maturity date:                              31 March 2032
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 net asset value event, the reference bond early
                                            redemption event, the early redemption at the option of the issuer, the
                                            early redemption amount and the reference bond provisions contained in
                                            the pricing supplement
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 35 346 821 188.52 as at the signature date of the pricing
                                            supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division




9 November 2023

Debt sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)