| Fri 16 Mar 2012, 15:18 | | 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 FRC103 and
FRC104 Credit Linked Notes, in terms of its ZAR30,000,000,000 Note Programme
dated 29 November 2011.
INSTRUMENT TYPE: Credit Linked Notes
Total Notes in Issue: R 1,755,720,000.00
Instrument Code: FRC103
Nominal Issued: R 35,000,000.00
Issue Price: 100%
Coupon: 12.750% (3 month Jibar as at 16 March
2012 of 5.600% + 715bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 16 March 2012
Interest Commencement Date: 16 March 2012
Maturity Date: 20 March 2014
Last day to Register: By 17h00 on 14 March, 14 June, 14
September and 14 December in each year
until the Maturity Date
Books Close: 15 March, 15 June, 15 September and 15
December in each year until the
Maturity Date
Interest Payment Date: 20 March, 20 June, 20 September and 20
December in each year until the
Maturity Date
ISIN: ZAG000093840
Business Day Convention: Modified Following Business Day
Instrument Code: FRC104
Nominal Issued: R 30,000,000.00
Issue Price: 100%
Coupon: 8.050% (3 month Jibar as at 16 March
2012 of 5.600% + 245bps)
Coupon Rate Indicator: Credit Linked
Issue Date: 16 March 2012
Interest Commencement Date: 16 March 2012
Maturity Date: 20 March 2014
Last day to Register: By 17h00 on 14 March, 14 June, 14
September and 14 December in each year
until the Maturity Date
Books Close: 15 March, 15 June, 15 September and 15
December in each year until the
Maturity Date
Interest Payment Date: 20 March, 20 June, 20 September and 20
December in each year until the
Maturity Date
ISIN: ZAG000093857
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.
16 March 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 16/03/2012 15:18:01 Produced by the JSE SENS Department.
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