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FRS313 - Listing of New Financial Instrument

Published: 2022-10-26 18:25:24 ET
<<<  go to JSE:FSR company page
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS313
ISIN: ZAG000191362
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRS313 unsecured notes, in terms of its note programme (the
programme) dated 29 November 2011, as amended from time to time, effective 27 October 2022.

Debt security code:                          FRS313
ISIN:                                        ZAG000191362
Type of debt security:                       Mixed rate notes
Nominal issued:                              ZAR 185 000 000.00
Issue date:                                  27 October 2022
Issue price:                                 100% of par
Interest commencement date:                  27 October 2022
Coupon rate:                                 3 Month JIBAR plus 92.5 basis points, for all interest periods
                                             commencing from the issue date and ending on but excluding 27 April
                                             2024 and 9.02% for all interest periods commencing from 27 April 2024
                                             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:                 27 January 2023
Interest payment date(s):                    27 January, 27 April, 27 July and 27 October of each year until the
                                             maturity date
Last day to register:                        By 17:00 on 22 January, 22 April, 22 July and 22 October of each year
                                             until the maturity date
Books close:                                 23 January, 23 April, 23 July and 23 October of each year until the
                                             maturity date
Business day convention:                     Modified following business day
Maturity date:                               27 October 2025
Final maturity amount:                       100% of par
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 provision, 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 31 448 175 974.30 as at the signature date of the pricing
                                             supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited



26 October 2022

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)