| Wed 27 Jun 2012, 17:03 | | BIFR1 - FirstRand Bank Limited - Listing of New Financial Instrument |
|
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 FRC125
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 2,701,281,000.00
Instrument Code: FRC125
Nominal Issued: R 15,000,000.00
Issue Price: 98%
Interest Rate: 6.00% (per annum paid monthly)
Coupon Rate Indicator: Credit Linked
Issue Date: 27 June 2012
Interest Commencement Date: 27 June 2012
First Interest Date: 20 July 2012
Scheduled Termination Date: 20 September 2017
Last day to Register: By 17:00 each month on the 14th from
14 July 2012 up to and until 14
September 2015 and on 14 September
2017
Books Close: Each month on the 15th up to and
including 15 September 2012 and
15 September 2017
Interest Payment Date: Monthly from 20 July 2012 up to and
Including 20 September 2015 (Interest
will cease two years prior to the
Maturity Date)
ISIN: ZAG000096678
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.
27 June 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 27/06/2012 17:03:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
