FirstRand Bank Limited Lists Structured Product Notes on Johannesburg Stock Exchange

Strategic Insights -

FirstRand Bank Limited has received approval from the JSE Limited (JSE) to list its Structured Product Notes (SPs) on the Johannesburg Stock Exchange. The SPs, denoted by the stock code FRE006, will be listed in the investment products sector on the main board of the JSE, commencing business on Tuesday, 8 July 2025. These SPs will be subject to the standard tax treatment for listed instruments and are classified as inward listed securities.

Key Takeaways:

  • The JSE has granted FirstRand Bank Limited approval for the listing of the FRE006 structured product notes (SPs) on the Johannesburg Stock Exchange.
  • The SPs will be listed in the investment products sector on the main board of the JSE, commencing business on Tuesday, 8 July 2025.
  • The issue size of the SPs is 81,707 units, each with a denomination of R1,000.
  • The pricing supplement for the SPs will be available for inspection through a secure electronic manner on the FirstRand Limited website.
  • The maturity date for the SPs is 9 July 2030, with a final redemption amount to be determined according to a complex calculation outlined in the pricing supplement.
  • The contact person for the SPs is David van Wyk, who can be reached at +27 11 282 8000.
  • FirstRand Bank Limited will act as the debt sponsor for the SPs.

Statistics:

  • The issue size of the SPs is 81,707 units.
  • The denomination of each SP is R1,000.
  • The pricing supplement for the SPs will be available for inspection on the FirstRand Limited website.
  • The maturity date for the SPs is 9 July 2030.
  • The final redemption amount for the SPs is to be determined according to a complex calculation outlined in the pricing supplement.
  • The contact person for the SPs is David van Wyk, with a telephone number of +27 11 282 8000.

Sources:

  • FirstRand Bank Limited website
  • Johannesburg Stock Exchange