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FRC417 FRC418 FRC419 - Listing of New Financial Instruments
2022/06/27 08:00:00Download PDF Stock report
FRC417 FRC418 FRC419 - Listing of New Financial Instruments
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC417 ISIN: ZAG000187550
Bond code: FRC418 ISIN: ZAG000187527
Bond code: FRC419 ISIN: ZAG000187568
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE has granted FRB the listings of its FRC417, FRC418 and FRC419 senior unsecured unsubordinated notes,
in terms of its note programme (the programme) dated 29 November 2011, as amended from time to time, effective
28 June 2022.
Debt security code: FRC417
ISIN: ZAG000187550
Coupon rate: 3 Month JIBAR plus 369.40 basis points for all interest periods
commencing from the issue date and ending on but excluding 30 April
2025, subject to a maximum rate of 10.98% and 9.3099% for all interest
periods commencing from 30 April 2025 and ending on but excluding the
maturity date
Interest determination date(s): For all interest periods commencing from the issue date and ending on
but excluding 30 April 2025, the first business day of each interest period,
with the first interest determination date being the issue date
First interest payment date: 31 July 2022
Interest payment date(s): 31 January, 30 April, 31 July and 31 October of each year until the
maturity date
Last day to register: By 17:00 on 26 January, 25 April, 26 July and 26 October of each year
until the maturity date
Books close: 27 January, 26 April, 27 July and 27 October of each year until the
maturity date
Maturity date: 31 January 2030, subject to paragraph 51 of the pricing supplement
Debt security code: FRC418
ISIN: ZAG000187527
Coupon rate: 3 Month JIBAR plus 385.49 basis points for all interest periods
commencing from the issue date and ending on but excluding 31 May
2027, subject to a maximum rate of 11.6819% and 10.2364% for all
interest periods commencing from 31 May 2027 and ending on but
excluding the maturity date
Interest determination date(s): For all interest periods commencing from the issue date and ending on
but excluding 31 May 2027, the first business day of each interest period,
with the first interest determination date being the issue date
First interest payment date: 31 August 2022
Interest payment date(s): 28 February, 31 May, 31 August and 30 November of each year until the
maturity date
Last day to register: By 17:00 on 23 February, 26 May, 26 August and 25 November of each
year until the maturity date
Books close: 24 February, 27 May, 27 August and 26 November of each year until the
maturity date
Maturity date: 28 February 2035, subject to paragraph 51 of the pricing supplement
Debt security code: FRC419
ISIN: ZAG000187568
Coupon rate: 3 Month JIBAR plus 398.81 basis points for all interest periods
commencing from the issue date and ending on but excluding 30 April
2029, subject to a maximum rate of 12.2321% and 10.2590% for all
interest periods commencing from 30 April 2029 and ending on but
excluding the maturity date
Interest determination date(s): For all interest periods commencing from the issue date and ending on
but excluding 30 April 2029, the first business day of each interest period,
with the first interest determination date being the issue date
First interest payment date: 31 July 2022
Interest payment date(s): 31 January, 30 April, 31 July and 31 October of each year until the
maturity date
Last day to register: By 17:00 on 26 January, 25 April, 26 July and 26 October of each year
until the maturity date
Books close: 27 January, 26 April, 27 July and 27 October of each year until the
maturity date
Maturity date: 31 January 2040, subject to paragraph 51 of the pricing supplement
Nominal issued: ZAR 50 000 000.00
Type of debt security: Credit linked notes
Issue date: 28 June 2022
Issue price: 100% of par
Interest commencement date: 28 June 2022
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 provisions, cessation of interest,
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: ZAR 60 000 000 000.00
Total notes in issue under programme: ZAR 29 808 834 399.30 as at the signature date of the FRC419
pricing supplement
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
27 June 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27-06-2022 08:00:00
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