Johannesburg Stock Exchange Lists FirstRand Bank's New Financial Instrument

Strategic Insights -

The Johannesburg Stock Exchange (JSE) has granted FirstRand Bank Limited the listing of its FRS420 unsecured structured notes, a type of debt security issued under its note programme dated 29 November 2011. The note programme has been amended and supplemented over time, with the latest update effective on 14 May 2025. This new financial instrument, worth R100 000.00, is listed with an ISIN of ZAG000215534 and will have a maturity date of 14 April 2026. The calculation of the final maturity amount will be based on the index linked redemption amount (ILRA), which takes into account several factors as defined in the pricing supplement.

Key Takeaways:

  • FirstRand Bank Limited has listed its FRS420 unsecured structured notes on the Johannesburg Stock Exchange, with an effective listing date of 14 May 2025.
  • The total notes in issue under the programme amount to R51 641 982 822.76 as at the signature date of the pricing supplement.
  • The new financial instrument has a maturity date of 14 April 2026, with the calculation of the final maturity amount based on the index linked redemption amount (ILRA).
  • The note programme has been amended and supplemented over time, with the latest update effective on 14 May 2025.
  • The total programme amount is R60 000 000 000.00, with a nominal issued amount of R100 000.00 for the FRS420 unsecured structured notes.
  • The notes are a type of debt security issued under the note programme dated 29 November 2011.
  • The calculation agent will determine the final maturity amount based on the ILRA, which takes into account several factors as defined in the pricing supplement.

Statistics:

  • R100 000.00: nominal issued amount
  • ZAG000215534: ISIN number
  • R14 April 2026: maturity date
  • R51 641 982 822.76: total notes in issue under the programme as at the signature date of the pricing supplement
  • R60 000 000 000.00: programme amount
  • 29 November 2011: date of the note programme
  • 14 May 2025: effective listing date of the FRS420 unsecured structured notes

Sources:

  • Johannesburg Stock Exchange (Date on which the announcement was made: Not stated, but the announcement is dated 12 May 2025)
  • FirstRand Bank Limited (Registration number: 1929/001225/06)