| Wed 22 Feb 2012, 16:03 | | BIFR1 - FirstRand Bank Limited - Listing of New Financial Instruments |
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JSE
FR1
BIFR1 - FirstRand Bank Limited - Listing of New Financial Instruments
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
("FRB")
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted FirstRand Bank Limited the listing of its FRC96,
FRC97 and FRC98 Credit Linked Note, in terms of its ZAR30,000,000,000 Note
Programme dated 29 November 2011.
INSTRUMENT TYPE: Credit Linked Notes
Total Notes in Issue: R 1,645,100,000.00
Instrument Code: FRC96
Nominal Issued: R 25,000,000.00
Issue Price: 100%
Interest Rate: 8.22% (3 month Jibar as at 22 February
2012 of 5.600% + 262bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 22 February 2012
Interest Commencement Date: 22 February 2012
First Interest Date: 20 March 2012
Scheduled Termination Date: 20 March 2017
Last day to Register: By 17h00 on 14 March, 14 June, 14
September and 14 December in each year
until the Scheduled Termination Date
Books Close: 15 March, 15 June, 15 September and 15
December in each year until the
Scheduled Termination Date
Interest Payment Dates: 20 March, 20 June, 20 September and 20
December in each year until the
Scheduled Termination Date
ISIN: ZAG000093204
Business Day Convention: Modified Following Business Day
Instrument Code: FRC97
Nominal Issued: R 15,000,000.00
Issue Price: 100%
Interest Rate: 9.600% (3 month Jibar as at 22 February
2012 of 5.600% + 400bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 22 February 2012
Interest Commencement Date: 22 February 2012
First Interest Date: 20 March 2012
Scheduled Termination Date: 20 March 2015
Last day to Register: By 17h00 on 14 March, 14 June, 14
September and 14 December in each year
until the Scheduled Termination Date
Books Close: 15 March, 15 June, 15 September and 15
December in each year until the
Scheduled Termination Date
Interest Payment Dates: 20 March, 20 June, 20 September and 20
December in each year until the
Scheduled Termination Date
ISIN: ZAG000093212
Business Day Convention: Modified Following Business Day
Instrument Code: FRC98
Nominal Issued: R 52,000,000.00
Issue Price: 100%
Interest Rate: 10.76% (3 month Jibar as at 22 February
2012 of 5.600% + 516bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 22 February 2012
Interest Commencement Date: 22 February 2012
First Interest Date: 20 March 2012
Scheduled Termination Date: 15 June 2016
Last day to Register: By 17h00 on 9 March, 9 June, 9
September and 9 December in each year
until the Scheduled Termination Date
Books Close: 10 March, 10 June, 10 September and 10
December in each year until the
Scheduled Termination Date
Interest Payment Dates: 15 March, 15 June, 15 September and 15
December in each year until the
Scheduled Termination Date
ISIN: ZAG000093220
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 29 November 2011 in respect of the Issuer`s Note
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.
22 February 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 22/02/2012 16:03:01 Produced by the JSE SENS Department.
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