Enhanced Investments - Financial Portal

FRS312 - Listing of New Financial Instrument

Published: 2022-09-26 15:10:27 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS312       ISIN: ZAG000190331
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRS312 unsecured notes, in terms of its note programme (the
programme) dated 29 November 2011, as amended from time to time, effective 28 September 2022.

Debt security code:                         FRS312
ISIN:                                       ZAG000190331
Type of debt security:                      Floating rate notes
Nominal issued:                             ZAR 100 000 000.00
Issue date:                                 28 September 2022
Issue price:                                100% of par
Interest commencement date:                 28 September 2022
Coupon rate:                                16.86% minus 3 Month JIBAR, subject to the terms and conditions
                                            contained in paragraph 22(a) of the pricing supplement
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:                28 December 2022
Interest payment date(s):                   28 March, 28 June, 28 September and 28 December of each year until
                                            the maturity date
Last day to register:                       By 17:00 on 23 March, 23 June, 23 September and 23 December of each
                                            year until the maturity date
Books close:                                24 March, 24 June, 24 September and 24 December of each year until
                                            the maturity date
Business day convention:                    Modified following business day
Maturity date:                              28 September 2025
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(s) is/are to be
                                            determined, the early redemption at the option of the issuer and the early
                                            redemption amount.
Programme amount:                           ZAR 60 000 000 000.00
Total notes in issue under programme:       ZAR 31 562 026 124.30 as at the signature date of the pricing
                                            supplement
Dealer:                                     Rand Merchant Bank, a division of FirstRand Bank Limited




26 September 2022

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.