Enhanced Investments - Financial Portal

FRB40 - Listing of New Financial Instrument

Published: 2024-03-07 14:25:28 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRB40
ISIN: ZAG000203449
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted FirstRand Bank Limited approval for the listing of its unsecured subordinated Tier 2
capital notes, in terms of its domestic medium term note programme (the programme) dated 13 April 2021, as
amended from time to time, effective 11 March 2024.

Debt security code:                          FRB40
ISIN:                                        ZAG000203449
Type of debt security:                       Floating rate notes
Nominal issued:                              R 1 548 000 000.00
Issue date:                                  11 March 2024
Issue price:                                 100%
Interest commencement date:                  11 March 2024
Coupon rate:                                 3 Month JIBAR plus 186 basis points
Interest determination date(s):              6 March 2024 for the first interest period and thereafter the first business
                                             day of each interest period
First interest payment date:                 11 June 2024
Interest payment date(s):                    11 March, 11 June, 11 September and 11 December of each year until
                                             the maturity date, or if such day is not a business day, the business day
                                             on which interest will be paid, as determined in accordance with the
                                             applicable business day convention (as specified in the applicable pricing
                                             supplement)
Last day to register:                        The register will be closed by 17:00 on 5 March, 5 June, 5 September
                                             and 5 December of each year until maturity date, or if such day is not a
                                             business day, the business day preceding each books closed period
Books closed periods:                        The register will be closed from 6 March to 10 March, 6 June to 10 June,
                                             6 September to 10 September and 6 December to 10 December (all
                                             dates inclusive) of each year until the maturity date
Maturity date:                               11 March 2035
Applicable business day convention:          Following business day
Final maturity amount:                       100% of the nominal value subject to the applicable capital regulations
Other:                                       The applicable pricing supplement contains additional terms and
                                             conditions in addition to the terms and conditions contained in the
                                             programme
Summary of additional terms:                 Please refer to the provisions applicable to the subordinated notes,
                                             the provisions regarding redemption/maturity, the trigger events,
                                             the contractual write off conditions and the other provisions
                                             contained in the applicable pricing supplement
Programme amount:                            R 100 000 000 000.00
Total notes in issue under programme:        R 82 448 722 409.00 as at the signature date of the applicable
                                             pricing supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited



7 March 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

Important disclosures

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.

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All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
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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.