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FRC491 FRS220 - Listing of New Financial Instrument and Tap Issue

Published: 2023-11-14 15:25:29 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: FRC491       ISIN: ZAG000200973
Bond code: FRS220       ISIN: ZAG000168717
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT AND TAP ISSUE

The JSE has granted FRB the listing of its FRC491 and the additional listing of its FRS220 senior unsecured
unsubordinated notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from
time to time, effective 15 November and 16 November 2023 respectively.


Debt security code:                         FRC491
ISIN:                                       ZAG000200973
Nominal issued:                             R 30 000 000.00
Issue date:                                 15 November 2023
Issue price:                                100% of par
Interest commencement date:                 15 November 2023
Coupon rate:                                3 month JIBAR plus 245 basis points
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
Maturity date:                              20 December 2028, subject to paragraph 51 of the pricing supplement
Final maturity amount:                      100% of the aggregate nominal amount, subject to paragraph 51 of 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 cessation of interest, 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

Debt security code:                         FRS220
ISIN:                                       ZAG000168717
Nominal Before Issue:                       R 20 000 000.00
Nominal Issued:                             R 2 000 000.00
Nominal After Issue:                        R 22 000 000.00
Issue date:                                 16 November 2023
Issue price:                                101.4774641% of par
Interest commencement date:                 20 September 2023
Coupon rate:                                3 month JIBAR plus 120 basis points
Interest determination date(s):             The first business day of each interest period, except for the first interest
                                            determination date which will be 20 September 2023
Maturity date:                              20 December 2024
Final maturity amount:                      100% of par
Other:                                      The pricing supplement does not contain additional terms and
                                            conditions or changes to the terms and conditions as contained in
                                            the programme
Summary of Additional Terms:                Not applicable



THE BELOW SECTION IS APPLICABLE TO THE FRC491 AND FRS220 NOTES ABOVE:


Type of debt security:                      Floating rate notes
First interest payment date:            20 December 2023
Interest payment date(s):               20 March, 20 June, 20 September and 20 December in each year until
                                        the maturity date
Last day to register:                   By 17:00 on, 15 March, 15 June, 15 September and 15 December in
                                        each year until the maturity date
Books close:                            16 March, 16 June, 16 September and 16 December in each year until
                                        the maturity date
Business day convention:                Modified following business day
Programme amount:                       R 60 000 000 000.00
Total notes in issue under programme:   R 35 381 821 188.52 as at the signature date of the FRC491
                                        pricing supplement, which takes into consideration the FRS220
                                        notes
Dealer:                                 Rand Merchant Bank, a division of FirstRand Bank Limited



14 November 2023

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