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FRC493 - Listing 0f New Financial Instrument

Published: 2023-12-07 17:43:31 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: FRC493       ISIN: ZAG000201930
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRC493 senior unsecured unsubordinated notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 8 December 2023.

Debt security code:                         FRC493
ISIN:                                       ZAG000201930
Type of debt security:                      Credit linked notes
Nominal issued:                             R 168 000 000.00
Issue date:                                 8 December 2023
Issue price:                                100% of par
Interest commencement date:                 8 December 2023
Coupon rate:                                15.433 – 3 Month JIBAR, as determined in accordance with paragraph 22
                                            of the pricing supplement from the interest commencement date until but
                                            excluding 20 June 2026 and 10.22% from 20 June 2026 until but
                                            excluding the maturity date
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:                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 and 23 February 2035
Books close:                                16 March, 16 June, 16 September and 16 December in each year until
                                            the maturity date and 24 February 2035
Business day convention:                    Modified following business day
Maturity date:                              28 February 2035, subject to paragraph 51 of the pricing supplement
Final redemption 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 provision, the cessation of interest,
                                            the reference obligation early redemption event, the manner in which the
                                            interest rate(s) is to be determined, 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:                           R 60 000 000 000.00
Total notes in issue under programme:       R 36 058 904 788.52 as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




7 December 2023

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