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    FSR   ZAE000066304

FIRSTRAND LIMITED

(FSR)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/25
61.21 ZAR   -0.83%
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2021S.Africa's FirstRand sees at least 30% rise in half-year profits
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FirstRand main features template – October 2021

11/09/2021 EST

CCA - Main features of regulatory capital instruments

The table below provides a description of the terms and conditions or main features of the group's qualifying regulatory capital instruments.

FirstRand Limited: 31 October 2021

Ordinary

share

NCNR

capital and

preference

USD Reg S

premium

shares

FRB24

FRB25*

FRB28

FRB17

FRB21

FRB22

FRB23

FRB26

FRB27

FRB29

FRB30

issuance

  1

Issuer

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

FirstRand

Limited

Limited

Bank

Bank

Bank

Bank

Bank

Bank

Bank

Bank

Bank

Bank

Bank

Bank

Limited

Limited

Limited

Limited

Limited

Limited

Limited

Limited

Limited

Limited

Limited

Limited

  2 Unique identifier (e.g. CUSIP, ISIN or Bloomberg identifier for private placement)

ZAE000066304

ZAE000060141

ZAG000155102

ZAG000157512

ZAG000172925

ZAG000127630

ZAG000140856

ZAG000141219

ZAG000146754

ZAG000159955

ZAG000159963

ZAG000175555

ZAG000175563

XS1810806395

  3 Governing law(s) of the instrument

South African

South African

South African

South African

South African

South African

South African

South African

South African

South African

South African

South African

South African

South African

law

law

law

law

law

law

law

law

law

Law

Law

Law

Law

and English law

Regulatory treatment

  4 Transitional Basel III rules

CET1

AT1

AT1

AT1

AT1

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

  5 Post-transitional Basel III rules

CET1

Ineligible

AT1

AT1

AT1

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

Tier 2

  6 Eligible at solo/group/group and solo

Group

Group

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

Group and solo

  7 Instrument type (types to be specified by each jurisdiction)

CET1

AT1

AT1

AT1

AT1

Subordinated

Subordinated

Subordinated

Subordinated

Subordinated

Subordinated

Subordinated

Subordinated

Subordinated

debt

debt

debt

debt

debt

debt

debt

debt

debt

  8 Amount recognised in regulatory capital (R million; US$ million)

8 029**

452

2 265

3 461

1 400

601

1 000

1 250

2 750

1 910

715

2 374

698

US$500

  9 Par value of instrument (R million; US$ million)

8 029**

4 519

2 265

3 461

1 400

601

1 000

1 250

2 750

1 910

715

2 374

698

US$500

10

Accounting classification

Shareholders'

Shareholders'

Equity

Equity

Equity

Liability -

Liability -

Liability -

Liability -

Liability -

Liability -

Liability -

Liability -

Liability -

equity

equity

amortised cost

amortised cost

amortised cost

amortised cost

amortised cost

amortised cost

amortised cost

amortised cost

amortised cost

11

Original date of issuance

1 April

10 November

8 November

19 March

2 December

8 July

24 November

8 December

20 September

3 June

3 June

19 April

19 April

23 April

1998

2004

2018

2019

2020

2015

2016

2016

2017

2019

2019

2021

2021

2018

12

Perpetual or dated

Perpetual

Perpetual

Perpetual

Perpetual

Perpetual

Dated

Dated

Dated

Dated

Dated

Dated

Dated

Dated

Dated

13

Original maturity date

No maturity

No maturity

No maturity

No maturity

No maturity

8 January

24 November

8 December

20 September

3 June

3 June

19 April

19 April

23 April

2027

2026

2027

2027

2029

2031

2031

2031

2028

14

Issuer call subject to prior supervisory approval

Not applicable

Not applicable

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

15

Optional call date, contingent call dates and redemption amount

Not applicable

Not applicable

8 November

19 September

2 December

8 January

24 November

8 December

20 September

3 June

3 June

19 April

19 April

23 April

2023

2024

2025

2022

2021

2022

2022

2024

2026

2026

2026

2023

  Tax and/or regulatory event call

Not applicable

Not applicable

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

  Redemption amount

Not applicable

Not applicable

100% of

100% of

100% of

100% of

100% of

100% of

100% of

100% of

100% of

100% of

100% of

100% of

principal

principal

principal

principal

principal

principal

principal

principal

principal

principal

principal

principal

Any interest

Each interest

Each interest

Each interest

Each interest

Each interest

Each interest

Each interest

Each interest

16

Subsequent call dates, if applicable

Not applicable

Not applicable

Any interest

Any interest

Not applicable

payment date

payment date

payment date

payment date

payment date

payment date

payment date

payment date

payment date

payment date

payment date

after

after

after

after

after

after

after

after

after

after

after

8 November

19 September

2 December

optional call

optional call

optional call

optional call

optional call

optional call

optional call

optional call

2023

2024

2025

date

date

date

date

date

date

date

date

Coupons/dividends

17

Fixed or floating dividend/coupon

Floating

Floating

Floating

Floating

Floating

Floating

Floating

Floating

Floating

Floating

Fixed to

Floating

Fixed to

Fixed to

floating#

floating

floating

18

Coupon rate and any related index

Not applicable

75.56%

445 bps over

440 bps over

440 bps over

365 bps over

385 bps over

390 bps over

315 bps over

224 bps over

10.19%

234 bps over

8.155%

6.25%

of prime

3 month JIBAR

3 month JIBAR

3 month JIBAR

3 month JIBAR

3 month JIBAR

3 month JIBAR

3 month JIBAR

3 month JIBAR

3 month JIBAR

19

Existence of a dividend stopper

No

No

Yes

Yes

Yes

No

No

No

No

No

No

No

No

No

20

Fully discretionary, partially discretionary or mandatory

Fully

Fully

Fully

Fully

Fully

Mandatory

Mandatory

Mandatory

Mandatory

Mandatory

Mandatory

Mandatory

Mandatory

Mandatory

discretionary

discretionary

discretionary

discretionary

discretionary

  • Includes tap issuance of R223 million on 18 April 2019 and R761 million on 5 July 2019 respectively.
  • As at 30 June 2021.
  • Floating rate is effective 3 June 2026 at 254 bps over 3 month JIBAR.
  • Floating rate is effective 19 April 2026 at 234 bps over 3 month JIBAR.
  • Floating rate is effective 23 April 2023 at 356 bps above the reset reference rate. Note: CET1 - Common Equity Tier 1; AT1 - Additional Tier 1.

Main features of regulatory capital instruments continued

FirstRand Limited: 31 October 2021

Ordinary

share

NCNR

capital and

preference

USD Reg S

premium

shares

FRB24

FRB25

FRB28

FRB17

FRB21

FRB22

FRB23

FRB26

FRB27

FRB29

FRB30

issuance

21

Existence of step-up or other incentive to redeem

Not applicable

Not applicable

No

No

No

No

No

No

No

No

No

No

No

No

22

Non-cumulative or cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

Non-cumulative

23

Convertible or non-convertible

Not applicable

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

Non-convertible

24

If convertible, conversion trigger(s)

25

If convertible, fully or partially

26

If convertible, conversion rate

27

If convertible, mandatory or optional conversion

28

If convertible, specify instrument type convertible into

29

If convertible, specify issuer of instrument it converts into

30

Write-down feature

Not applicable

Not applicable

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Contractual.

Contractual.

Contractual.

Contractual.

Contractual.

Contractual.

Contractual.

Contractual.

Contractual.

Contractual.

Contractual.

31

If write-down,write-down trigger(s)

Contractual.

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

Replaced with

statutory once

statutory once

statutory once

statutory once

statutory once

statutory once

statutory once

statutory once

statutory once

statutory once

statutory once

statutory once

implemented,

implemented,

implemented,

implemented,

implemented,

implemented,

implemented,

implemented,

implemented,

implemented,

implemented,

implemented,

however,

however,

however,

however,

however,

however,

however,

however,

however,

however,

however,

however,

Prudential

Prudential

Prudential

Prudential

Prudential

Prudential

Prudential

Prudential

Prudential

Prudential

Prudential

Prudential

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

Authority can still

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

elect contractual

32

If write-down, full or partial

Partial

Partial

Partial

Partial

Partial

Partial

Partial

Partial

Partial

Partial

Partial

Partial

33

If write-down, permanent or temporary

Permanent

Permanent

Permanent

Permanent

Permanent

Permanent

Permanent

Permanent

Permanent

Permanent

Permanent

Permanent

34

If temporary write-down, description of write-up mechanism

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

35

Position in subordination hierarchy in liquidation

NCNR

Subordinated

Subordinated

Subordinated

Subordinated

Senior

Senior

Senior

Senior

Senior

Senior

Senior

Senior

Senior

(specify instrument type immediately senior to instrument)

preference shares

debt

debt

debt

debt

unsecured

unsecured

unsecured

unsecured

unsecured

unsecured

unsecured

unsecured

unsecured

36

Non-compliant transitioned features

Not applicable

Yes

No

No

No

No

No

No

No

No

No

No

No

No

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

Not applicable

37

If yes, specify non-compliant features

Excludes

loss absorbency

requirement

Disclaimer

FirstRand Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 16:15:07 UTC.


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Financials
Sales 2022 113 B 7 443 M 7 443 M
Net income 2022 30 864 M 2 026 M 2 026 M
Net Debt 2022 - - -
P/E ratio 2022 11,2x
Yield 2022 5,12%
Capitalization 343 B 22 483 M 22 530 M
Capi. / Sales 2022 3,03x
Capi. / Sales 2023 2,81x
Nbr of Employees -
Free-Float -
Chart FIRSTRAND LIMITED
Duration : Period :
FirstRand Limited Technical Analysis Chart | FSR | ZAE000066304 | MarketScreener
Technical analysis trends FIRSTRAND LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 61,21 ZAR
Average target price 66,06 ZAR
Spread / Average Target 7,92%
EPS Revisions
Managers and Directors
Alan Patrick Pullinger Chief Executive Officer & Executive Director
Hetash Surendrakumar Kellan CFO, Financial Director & Executive Director
William Rodger Jardine Independent Non-Executive Chairman
Mary Vilakazi Chief Operating Officer & Executive Director
Grant Glenn Gelink Independent Non-Executive Director