FirstRand Bank Lists FRS439 Senior Unsecured Notes on Johannesburg Stock Exchange

FirstRand Bank Limited has made headlines with the listing of its FRS439 senior unsecured unsubordinated notes on the Johannesburg Stock Exchange (JSE). This development marks a significant milestone in the bank's ongoing note programme, which has a history dating back to November 29, 2011. The new debt security, identified as floating rate notes, has a nominal value of R100,000,000.00 and will commence interest payments on August 26, 2025. The notes will mature on August 26, 2026, with a final redemption amount equal to 100% of par.

Key Takeaways:

• The FRS439 senior unsecured unsubordinated notes were listed on the Johannesburg Stock Exchange (JSE) on August 26, 2025, with a nominal value of R100,000,000.00.
• The notes are categorized as floating rate notes, with interest payments scheduled for November 26, 2025, February 26, 2026, May 26, 2026, and August 26, 2026.
• Investors must register by specified dates for interest payments, with books closing the following day.
• The maturity date for the notes is set for August 26, 2026, with a final redemption amount equal to 100% of par.
• FirstRand Bank Limited, through its Rand Merchant Bank division, acts as the dealer for these notes.
• The programme's total amount is R90.00 billion, with R55.46 billion in notes issued under the programme as of the pricing supplement's signature date.

Statistics:

• Nominal value of the issued notes: R100,000,000.00
• Interest payments schedule: November 26, 2025, February 26, 2026, May 26, 2026, and August 26, 2026
• Maturation date: August 26, 2026
• Total programme amount: R90.00 billion
• Notes issued under the programme as of the pricing supplement's signature date: R55.46 billion
• Final redemption amount: 100% of par

Sources:

• Johannesburg Stock Exchange (JSE)
• FirstRand Bank Limited
• Johannesburg Stock Exchange (JSE), listing announcement dated August 25, 2025