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Banks (Finance)

FirstRand Bank Limited Lists FRS444 Senior Unsecured Notes on Johannesburg Stock Exchange

Strategic Insights

— 1 min read

FirstRand Bank Limited has announced the successful listing of its FRS444 senior unsecured unsubordinated structured notes on the Johannesburg Stock Exchange, marking a significant step in the bank's efforts to expand its financial offerings. The newly listed debt security has a nominal value of R50 million, with a maturity date set for December 20, 2030. The notes were issued at 100% of par and are part of a R90 billion programme, with R58.32 billion already issued under the programme. FirstRand Bank Limited will serve as the dealer for this financial instrument.

Key Takeaways:

  • The FRS444 senior unsecured unsubordinated structured notes were listed on the Johannesburg Stock Exchange (JSE) on October 15, 2025, with a nominal value of R50 million.
  • The notes have a maturity date set for December 20, 2030, and were issued at 100% of par.
  • The FRS444 notes are part of a R90 billion programme, with R58.32 billion already issued under the programme.
  • FirstRand Bank Limited, operating through its Rand Merchant Bank division, serves as the dealer for this financial instrument.
  • The terms of the FRS444 notes include provisions for early redemption at the issuer's option and specific redemption and payment bases as outlined in the pricing supplement.
  • The FRS444 notes are subject to specific provisions for redemption, including the requirement for investors to register by December 15, 2030, to participate in the redemption.
  • The list of FRS444 notes is part of FirstRand's strategy to leverage its robust note programme, initially established on November 29, 2011, and subsequently amended to cater to evolving market demands.
  • The pricing supplement outlines the comprehensive terms and conditions of the FRS444 notes.

Statistics:

  • R50 million: The nominal value of the newly listed FRS444 senior unsecured unsubordinated structured notes.
  • R58.32 billion: The total amount of notes issued under the programme as of the pricing supplement's signature date.
  • R90 billion: The total programme amount.
  • October 15, 2025: The effective date of the listing of the FRS444 notes on the JSE.
  • December 20, 2030: The maturity date of the FRS444 notes.
  • November 29, 2011: The date of the initial establishment of FirstRand's note programme.

Sources:

  • FirstRand Bank Limited
  • Johannesburg Stock Exchange (JSE)

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