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FRC507 FRC508 - Listing of New Financial Instruments

Published: 2024-04-23 10:54:33 ET
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FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC507       ISIN: ZAG000204744
Bond code: FRC508       ISIN: ZAG000204751
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE has granted FirstRand Bank Limited the listings of its FRC507 and FRC508 senior unsecured
unsubordinated notes, in terms of its note programme (the programme) dated 29 November 2011, as amended from
time to time, effective 24 April 2024.

Type of debt security:                      Credit linked notes

Debt security code:                         FRC507
ISIN:                                       ZAG000204744
Nominal issued:                             R 500 000 000.00
Coupon rate:                                3 Month JIBAR plus 308 basis points, for all interest periods commencing
                                            from the interest commencement date and ending on but excluding 31
                                            January 2027 and 9.74% for all interest periods commencing from 31
                                            January 2027 and ending on but excluding the maturity date
First interest payment date:                31 July 2024
Interest payment date(s):                   31 January, 30 April, 31 July and 31 October in each year until the
                                            maturity date
Last day to register:                       By 17:00 on 26 January, 25 April, 26 July and 26 October in each year
                                            until the maturity date
Books close:                                27 January, 26 April, 27 July and 27 October in each year until the
                                            maturity date
Maturity date:                              31 January 2030, subject to paragraph 51 of the pricing supplement

Debt security code:                         FRC508
ISIN:                                       ZAG000204751
Nominal issued:                             R 60 000 000.00
Coupon rate:                                3 Month JIBAR plus 341 basis points with a maximum rate of 11.890%,
                                            for all interest periods commencing from the interest commencement
                                            date and ending on but excluding 28 February 2027 and 12.73% for all
                                            interest periods commencing from 28 February 2027 and ending on but
                                            excluding the maturity date
First interest payment date:                31 May 2024
Interest payment date(s):                   28 February, 31 May, 31 August and 30 November in each year until the
                                            maturity date
Last day to register:                       By 17:00 on 23 February, 26 May, 26 August and 25 November in each
                                            year until the maturity date
Books close:                                24 February, 27 May, 27 August and 26 November in each year until the
                                            maturity date
Maturity date:                              28 February 2035, subject to paragraph 51 of the pricing supplement

Issue date:                                 24 April 2024
Issue price:                                100% of par
Interest commencement date:                 24 April 2024
Interest determination date(s):             The first business day of each floating interest period, with the first
                                            interest determination date being the issue date
Business day convention:                    Modified following business day
Final maturity amount:                      100% of the aggregate nominal amount
Other:                                     The pricing supplements contain 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 cessation of interest, the
                                           reference obligation early redemption event, the early redemption at the
                                           option of the issuer, the early redemption amount and the credit linked
                                           notes provisions as contained in the pricing supplements
Programme amount:                          R 60 000 000 000.00
Total notes in issue under programme:      R 40 389 030 217.02, as at the signature date of the FRC508
                                           pricing supplement
Dealer:                                    Rand Merchant Bank, a division of FirstRand Bank Limited


23 April 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)