FirstRand announces approval for R1.651bn Tier 2 note listings
FirstRand says the JSE has approved two unsecured Tier 2 note listings totalling R1.651 billion, with issue and listing set for 12 October.
FirstRand announced on Friday, 9 October, that the JSE had approved the listing of two unsecured Tier 2 debt notes with a combined nominal value of R1.651 billion.
The issue date and effective listing date are 12 October 2026, according to the company’s SENS announcement. Both notes mature on 12 April 2037.
The larger note, FSR05, has a nominal value of R1.051 billion. Its floating interest rate is the daily-compounded ZARONIA benchmark plus 143 basis points (1.43 percentage points).
The second note, FSR06, is valued at R600 million. It carries a rate of 9.31% from issue until 12 April 2032, when it switches to daily-compounded ZARONIA plus 143 basis points until maturity.
The notes fall under FirstRand’s R150 billion domestic medium-term note programme, whose programme document is dated 5 October 2026.
FirstRand named RMB, a division of FirstRand Bank, as dealer. The announced issue price is 100% of nominal value, and final redemption is subject to Tier 2 capital regulations.
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- 160 words · 1 min read
- Published
- October 9, 2026
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- EBNewsDaily Reporter
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- Ebnewsdaily