|
Firstrand Limited"s bank subsidiary issues R1 billion subordinated unsecured
callable bonds
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
ISIN: ZAE000066304
Share Code (JSE): FSR
Share Code (NSX): FST
FIRSTRAND LIMITED"S BANK SUBSIDIARY ISSUES R1 BILLION SUBORDINATED UNSECURED
CALLABLE BONDS
FirstRand Limited today issued R1billion Subordinated Unsecured Callable Bonds,
through its wholly-owned subsidiary FirstRand Bank Limited, FirstRand Bank
Limited Subordinated Unsecured Callable Bonds (TIER II) - FRB03, under their
Domestic Medium-term Note Programme dated 24 February 2004.
The full bond details are as follows:
Bond code FRB03
Nominal issued R1,000,000,000
Coupon 9%
Call date 15 September 2014
Maturity date 15 September 2019
First interest payment date 15 March 2006
Interest payment dates 15 March, 15 September
Books close 05 March, 05 September
Last day to register By 17:00 on 04 March, 04 September
Issue price 80bps above R157 RSA government bond
First settlement date 31 October 2005
Automatic conversion from fixed rate from and including the issue date to but
excluding 15 September 2014
One Payment Basis to another and from and including 15 September 2019 a floating
rate up to but excluding the maturity date
Step-up period
Coupon 3 month Jibar plus 165 bps (nacq) payable
quarterly in arrears
Redemption date 15 September 2019
Interest payment dates 15 March, 15 June, 15 September, 15 December
Books close 05 March, 05 June, 05 September, 05 December
Last day to register By 17:00 on 04 March, 04 June, 04 September,
04 December
ISIN Code ZAG000026774
Arranger Rand Merchant Bank, a division of FirstRand
Bank Limited
If an interest payment date falls on a Saturday, Sunday or public holiday the
payment will be made on the following business day.
The bonds will be immobilised in the Central Securities Depository ("CSD") and
settlement will take place electronically in terms of BESA Rules. All
transactions effective during the period of pre-issued trading will settle on
the same terms as all other transactions in listed financial instruments.
These bonds qualify as Tier II Capital and the proceeds will be utilised to fund
the strong advances growth experienced by WesBank and FNB Homeloans. The group
believes that this debt capital is an efficient means to fund this growth.
Sandton
26 October 2005
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 26/10/2005 01:03:02 PM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
