| Fri 25 May 2012, 17:30 | | BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument |
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JSE
FR1
BIFR1 - 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 FRC112
Credit Linked Note, in terms of its ZAR30,000,000,000 Note Programme dated 29
November 2011.
INSTRUMENT TYPE: Structured Notes
Total Notes in Issue: R 2,392,220,000.00
Instrument Code: FRS68
Nominal Issued: R 20,000,000.00
Issue Price: 100%
Interest Rate: 1.23% (9.175% x 92/365 + 2.5x (3 month
Jibar as at 09 May 2012 of 5.600%
7.315%) x 92/365)
Coupon Rate Indicator: Mixed Rate Note
Issue Date: 28 May 2012
Interest Commencement Date: 09 May 2012
First Interest Date: 09 August 2012
Scheduled Termination Date: 09 November 2024
Last day to Register: By 17h00 on 03 August, 03 November, 03
February and 03 May in each year
until the Maturity Date
Books Close: 04 August, 04 November, 04 February and
04 May, in each year until the
Maturity Date
Interest Payment Date: 09 August, 09 November, 09 February and
09 May, in each year until the
Maturity Date
ISIN: ZAG000095795
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.
25 May 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 25/05/2012 17:30:01 Produced by the JSE SENS Department.
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