| Mon 28 Sep 2020, 14:07 | | FRC346 - Listing of New Financial Instrument |
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FRC346 - Listing of New Financial Instrument
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC346 ISIN: ZAG000171430
(FRB)
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE has granted FRB the listing of its senior unsecured unsubordinated credit linked notes, in terms of its note
programme (the programme) dated 29 November 2011, as amended from time to time, effective 30 September
2020.
Debt security code: FRC346
ISIN: ZAG000171430
Type of debt security: Credit linked notes
Nominal issued: ZAR 50 000 000.00
Issue date: 30 September 2020
Issue price: 100%
Interest commencement date: 30 September 2020
Coupon rate: 3 Month JIBAR plus 372 basis points
Interest amount: The amount determined by the Calculation Agent in accordance with
Condition 8.2 (Interest on Floating Rate Notes) of the Terms and
Conditions of the Notes less the Unwind Costs Difference Payment as set
out in Annex 3 for the relevant Interest Payment Date, provided that
should the Interest Amount determined in accordance with this provision
be less than zero, the Interest Amount will be deemed to be zero and no
Interest Amount will be payable by the Issuer.
Interest determination date(s): The first Business Day of each Interest Period
First interest payment date: 20 December 2020
Interest payment date(s): 20 March, 20 June, 20 September and 20 December of each year until
the Maturity Date
Last day to register: By 17:00 on 15 March, 15 June, 15 September and 15 December of each
year until the Maturity Date
Books close: 16 March, 16 June, 16 September and 16 December of each year until
the Maturity Date
Maturity date: 20 December 2025
Business day convention: Modified Following Business Day
Final maturity amount: 100% of the Aggregate Nominal Amount outstanding at the Maturity Date
less any outstanding Unwind Costs Difference Payment
Other: The pricing supplement contains additional terms and conditions to the
terms and conditions as contained in the programme
Summary of additional terms: Please refer to the aggregate nominal amount, redemption/payment
basis, interest payable on the note, interest amount, net asset value
event, early redemption, credit linked note and reference CDS provisions
contained in the pricing supplement
Programme amount: ZAR 30 000 000 000.00
Total notes in issue under programme: ZAR 23 550 155 771.93 as at the signature date of the FRC346
pricing supplement
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
28 September 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28-09-2020 02:07:00
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