| Mon 4 Jun 2012, 10:14 | | 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 FRC116
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 2,438,720,000.00
Instrument Code: FRC116
Nominal Issued: R 12,000,000.00
Issue Price: 98%
Implied Yield: 7.47%
Coupon Rate Indicator: Fixed Rate
Issue Date: 01 June 2012
Interest Commencement Date: 01 June 2012
First Interest Date: 20 July 2012
Scheduled Termination Date: 20 June 2017
Last day to Register: By 17:00 each month on the 14th from
14 June 2012 up to and until 14 June
2015 and by 17:00 on 14 June 2017.
Books Close: 15 March, 15 June, 15 September and
15 December, in each year until the
Maturity Date
Interest Payment Date: Monthly from 20 July 2012 up to and
including 20 June 2015, which Interest
payment Dates will be two years prior to
the Maturity Date
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.
04 June 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 04/06/2012 10:14:01 Produced by the JSE SENS Department.
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