Enhanced Investments - Financial Portal

FRS314 - Listing of new financial instrument

Published: 2022-12-08 14:35:26 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS314
ISIN: ZAG000192634
(FRB)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE has granted FRB the listing of its FRS314 unsecured structured notes and, in terms of its note programme
(the programme) dated 29 November 2011, as amended from time to time, effective 9 December 2022.

Debt security code:                          FRS314
ISIN:                                        ZAG000192634
Type of debt security:                       Mixed rate notes
Nominal issued:                              ZAR 200 000 000.00
Issue date:                                  9 December 2022
Issue price:                                 100% of par
Interest commencement date:                  9 December 2022
Coupon rate:                                 3 Month JIBAR plus 92.5 basis points, for all interest periods
                                             commencing from and including the issue date and ending on but
                                             excluding 3 June 2024 and 8.850% for all interest periods commencing
                                             from and including 3 June 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:                 3 March 2023
Interest payment date(s):                    3 March, 3 June, 3 September and 3 December of each year until the
                                             maturity date
Last day to register:                        By 17:00 on 26 February, 29 May, 29 August and 28 November of each
                                             year until the maturity date
Books close:                                 27 February, 30 May, 30 August and 29 November of each year until the
                                             maturity date
Business day convention:                     Modified following business day
Maturity date:                               3 December 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 mixed rate note provision, the early redemption at the
                                             option of the issuer and the early redemption amount as contained in the
                                             pricing supplement
Programme amount:                            ZAR 60 000 000 000.00
Total notes in issue under programme:        ZAR 31 441 675 974.30 as at the signature date of the pricing
                                             supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited



8 December 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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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.