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FIRSTRAND BANK LIMITED - FRB41 - Listing of New Financial Instrument

Release Date: 11/06/2024 12:40
Code(s): FRB41     PDF:  
Wrap Text
FRB41 - Listing of New Financial Instrument

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRB41
ISIN: ZAG000205964


The JSE Limited has granted FirstRand Bank Limited approval for the listing of its unsecured subordinated Additional
Tier 1 capital notes, in terms of its domestic medium term note programme (the programme) dated 13 April 2021, as
amended from time to time, effective 12 June 2024.

Debt security code:                          FRB41
ISIN:                                        ZAG000205964
Type of debt security:                       Floating rate notes
Nominal issued:                              R 2 090 000 000.00
Issue date:                                  12 June 2024
Issue price:                                 100%
Interest commencement date:                  12 June 2024
Coupon rate:                                 3 Month JIBAR plus 290 basis points
Interest determination date(s):              7 June 2024 for the first interest period and thereafter the first business
                                             day of each interest period
First interest payment date:                 12 September 2024
Interest payment date(s):                    12 March, 12 June, 12 September and 12 December of each year until the
                                             maturity date, or if such day is not a business day, the business day on
                                             which interest will be paid, as determined in accordance with the
                                             applicable business day convention (as specified in the applicable pricing
Last day to register:                        The register will be closed by 17:00 on 6 March, 6 June, 6 September and
                                             6 December of each year until maturity date, or if such day is not a
                                             business day, the business day preceding each books closed period
Books closed periods:                        The register will be closed from 7 March to 11 March, 7 June to 11 June, 7
                                             September to 11 September and 7 December to 11 December (all dates
                                             inclusive) of each year until the maturity date
Maturity date:                               Perpetual, subject to the provisions contained in the pricing supplement
Applicable business day convention:          Modified following business day
Final redemption amount:                     The aggregate outstanding nominal amount, plus accrued interest, if any,
                                             to the maturity date
Other:                                       The applicable pricing supplement contains additional terms and
                                             conditions in addition to the terms and conditions contained in the
Summary of additional terms:                 Please refer to the provisions applicable to the maturity date, the
                                             provisions applicable to subordinated notes, the provisions
                                             regarding redemption/maturity, the trigger events, the contractual
                                             write off conditions and the other provisions contained in the
                                             applicable pricing supplement
Programme amount:                            R 100 000 000 000.00
Total notes in issue under programme:        R 82 086 722 409.00 as at the signature date of the applicable
                                             pricing supplement
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank Limited

11 June 2024

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

Date: 11-06-2024 12:40:00
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