FirstRand Bank Limited

FirstRand Bank Bond

FirstRand Bank Bond

Update! New bond issue: First Rand Bank (JSE:FSR) issued new debt notes (XS1810806395) for 500M USD as of April 16, 2018. Tradable at London Stock Exchange as of April 23, 2018.

First Rand Bank Limited is a South African banking and financial services provider. It is headquartered in Johannesburg, South Africa.




IssuerFirst Rand Bank
Stock (Group)JSE:FSR
Bond TypeCorporate
CategorySubordinated, Callable
SEC RegisteredNo
MaturityApril 23, 2028
Residual Duration9 years, 7 months, 18 days
CurrencyUSD (United States Dollar)
Coupon TypeFixed Floating Rate
Coupon (Yearly)6.250%<=2023-04, 3.561%+USDCMS5Y<=2028
Coupon FrequencySemiannual
Minimum Lot200,000 USD
Additional Lots1,000 USD
Issue DateApril 23, 2018
Issued Amount500,000,000 USD
Issue Price99.472%
Maturity Price100.000%
Bond RatingBa2 (Moody’s)
Home ExchangeLondon
ExchangesLondon, Berlin
IsinXS1810806395
Documentation (link)Documentation
IndustryBanking
SectorFinancials
CountrySouth Africa
RegionEmerging Markets