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Securities law

FirstRand Bank Announces Interest Payments on Several Bonds

Strategic Insights

— 1 min read

FirstRand Bank Limited, a leading South African bank, has announced the upcoming interest payments on several of its bonds scheduled for September 22, 2025. The bank has released details specifying the bond codes, International Securities Identification Numbers (ISINs), coupon rates, and the respective interest amounts due to noteholders. The interest payments are set to be made on several bonds, including FRC489, FRC491, FRC493, FRC498, FRC544, FRC545, FRC548, FRC550, FRC557, and FRC558, with various coupon rates and interest amounts ranging from R754,601.10 to R2.27 million.

Key Takeaways:

  • Ten different bonds are scheduled to receive interest payments on September 22, 2025, with varying coupon rates and interest amounts.
  • The bonds are categorized under the designated market category, consistent with the bank's previous financial instruments.
  • The interest period spans from June 20, 2025, to September 21, 2025, with the payments adjusted to the modified following business day convention.
  • Bond FRC489 features a coupon rate of 11.6170% with an interest amount due of R1.44 million.
  • Bond FRC545 has a coupon rate of 9.5770% with an interest amount of R1.48 million.
  • Interest payments for bond FRC548 will be R1.15 million at a coupon rate of 8.9270%.
  • Bond FRC557 will receive an interest payment of R2.27 million with a coupon of 8.8170%.
  • The bank's statement includes specific details for each bond, including ISINs, coupon rates, and interest amounts due.
  • The bonds are held by noteholders who will receive the interest payments as per schedule.

Statistics:

  • Ten bonds are receiving interest payments, totalling R1.44 million to R2.27 million.
  • Coupon rates range from 8.1160% to 11.6170%.
  • Interest amounts vary from R754,601.10 to R1.48 million.
  • The interest period spans from June 20, 2025, to September 21, 2025.
  • The payments are adjusted to the modified following business day convention.

Sources:

  • Johannesburg Stock Exchange (JSE) via announcement on September 10, 2025.
  • FirstRand Bank Limited via statement to the Johannesburg Stock Exchange (JSE) on September 10, 2025.

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