| Thu 10 Jul 2014, 14:01 | | FIRSTRAND BANK LIMITED - Announcement of Bond Auction |
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FRX23 FRX17 FRX19 FRX18 FRX24 FRX26 FRX20 FRJ18 FRJ21 FRJ20 FRJ17 FRJ19 FRX21 201407100020A
Announcement of Bond Auction
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
(FRB)
ANNOUNCEMENT OF BOND AUCTION
The following auction will be conducted by Rand Merchant Bank on
behalf of FirstRand Bank Limited. The auction will be subject to the
following terms:
Issuer: FirstRand Bank Limited
Arranger: Rand Merchant Bank
Auction date: 24 July 2014
Settlement date: 29 July 2014
Issue size: Up to R4 billion (FRB reserves the right to
issue at its sole discretion.)
Status of bonds: Senior unsecured
Bonds: FRJ17, FRX17, FRJ18, FRX18, FRJ19, FRX19,
FRJ20, FRX20, FRJ21, FRX21, FRX23, FRX24 and
FRX26
Tenors: 3,4,5,6,7,9,10 and 12 years
Interest nature: Floating and fixed
Delta: The companion bond will be accommodated.
Minimum denomination:ZAR 1,000,000
Auction methodology: Sealed bid without feedback (uniform price)
Auction times: 09:00 to 11:00
To bid: Deon Kohlmeyer/ Alexa Nicolau
+27 (11) 269 9040
Contact: Delia Patterson +27 11 282 4162
No FirstRand bond switches or inflation trades will be accommodated
on auction date.
This announcement is for information purposes only and does not
constitute an offer or invitation to subscribe for or purchase any
securities.
10 July
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 10/07/2014 02:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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