Enhanced Investments - Financial Portal

FRS375 - Listing of New Financial Instrument

Published: 2024-04-18 17:50:23 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS375       ISIN: ZAG000204645
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRS375 unsecured structured notes, in terms of its note programme (the
programme) dated 29 November 2011, as amended from time to time, effective 23 April 2024.


Debt security code:                         FRS375
ISIN:                                       ZAG000204645
Type of debt security:                      Floating rate notes
Nominal issued:                             R 325 000 000.00
Issue date:                                 23 April 2024
Issue price:                                100% of par
Interest commencement date:                 23 April 2024
Coupon rate:                                19.10% minus 3 Month JIBAR, subject to the terms and conditions
                                            contained in paragraph 22(a) of the pricing supplement
First interest payment date:                23 July 2024
Interest determination date(s):             The first business day of each interest period, with the first interest
                                            determination date being the issue date
Interest payment date(s):                   23 July, 23 October, 23 January and 23 April of each year until the
                                            maturity date
Last day to register:                       By 17:00 on 18 July, 18 October, 18 January and 18 April of each year
                                            until the maturity date
Books close:                                19 July, 19 October, 19 January and 19 April of each year until the
                                            maturity date
Business day convention:                    Modified following business day
Maturity date:                              23 April 2029
Final maturity amount:                      100% of par
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 manner in which the interest rate is to be determined,
                                            early redemption at the option of the issuer and the early redemption
                                            amount provisions contained in the pricing supplement


Programme amount:                           R 60 000 000 000.00
Total notes in issue under programme:       R 39 249 030 217.02 as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




18 April 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.