Enhanced Investments - Financial Portal

FRS363 - Listing of New Financial Instrument

Published: 2024-01-25 14:55:33 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS363       ISIN: ZAG000202706
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FRB the listing of its FRS363 senior unsecured unsubordinated structured notes, in
terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective 30
January 2024.

Debt security code:                         FRS363
ISIN:                                       ZAG000202706
Type of debt security:                      Floating rate note
Nominal issued:                             R 30 000 000.00
Issue date:                                 30 January 2024
Issue price:                                100% of par
Interest commencement date:                 30 January 2024
Coupon rate:                                3 month JIBAR plus 300 basis points for all interest periods commencing
                                            from the issue date and ending on but excluding 31 December 2026, and
                                            9.950% for all interest periods commencing from 31 December 2026 and
                                            ending on 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:                31 March 2024
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 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, the early redemption at the option of
                                            the issuer, the early redemption amount and the reference bond and
                                            hedging disruption provisions contained in the pricing supplement
Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 35 746 323 992.52 as at the signature date of the pricing
                                            supplement
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank division




25 January 2024

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.