| Tue 6 Dec 2011, 14:24 | | FRC86 - FirstRand Bank Limited - Listing of new financial instrument |
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JSE
BIFR1
FRC86 - FirstRand Bank Limited - Listing of new financial instrument
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
("FRB")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited has granted FirstRand Bank Limited the listing of its FRC86
Credit Linked Notes, in terms of its ZAR15,000,000,000 Structured Note and
Preference Share Programme dated 11 February 2008.
INSTRUMENT TYPE: Credit Linked Notes
Total Notes in Issue: R 3,417,811,654.39, excluding this
issuance of Notes
Instrument Code: FRC86
Nominal Issued: R 20,000,000.00
Issue Price: 100%
Interest Rate: 9.96% (3 month Jibar as at 06 December
2011 of 5.58% + 438bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 06 December 2011
Interest Commencement Date: 06 December 2011
First Interest Date: 20 December 2011
Scheduled Termination Date: 20 December 2016
Last day to Register: By 17h00 on 13 December, 13 March, 13
June and 13 September in each year until
the Scheduled Termination Date
Books Close: 14 December, 14 March, 14 June and 14
September in each year until the
Scheduled Termination Date
Interest Payment Dates: 20 December, 20 March, 20 June and 20
September in each year until the
Scheduled Termination Date
ISIN: ZAG000091182
Business Day Convention: Modified Following Business Day
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
The Notes will be immobilised in the Central Depository ("CSD") and
settlement will take place electronically in terms of JSE Rules.
This note has been privately placed by FirstRand Bank Limited. Any
prospective purchaser of the note should contact FirstRand Bank Limited for
details of the terms of the note. In this regard, prospective purchasers
should be aware that:
1. The note issued is subject to the terms and conditions of the pricing
supplement agreed between the Issuer and the subscriber(s) for the note and
the Terms and Conditions of the Notes as set out in the Programme
Memorandum dated 11 February 2008 in respect of the Issuer`s Structured
Note and Preference Share Programme;
2. The performance of each note issued is linked to the performance of an
underlying third party entity and/or obligation stipulated in the pricing
supplement in respect of the note and accordingly, as the prospective
purchaser will assume credit exposure to both the Issuer and such entity
and/or obligation, the note is only suitable for purchase by financially
sophisticated investors after conducting all relevant independent
investigations. The risks pertaining to credit-linked notes generally are
more fully set out in the Programme Memorandum. Copies of the Programme
Memorandum are available from the Issuer.
06 December 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 06/12/2011 14:24:00 Produced by the JSE SENS Department.
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