Firstrand Bank Ltd, founded in 1998 and headquartered in Johannesburg, South Africa, is a prominent financial institution focused on delivering innovative banking solutions. As a part of the larger FirstRand Group, Firstrand Bank offers a comprehensive range of services including personal banking, business banking, and investment solutions tailored to meet diverse customer needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FSRSJ 8.51% 2032-09-28 ZARFirstrand Bank Ltd | South Africa | 2032-09-28 | 8.508 | 26.89 |
| FSRSJ 8.62% 2031-11-24 ZARFirstrand Bank Ltd | South Africa | 2031-11-24 | 8.617 | 28.00 |
| FSRSJ 8.80% 2031-04-19 ZARFirstrand Bank Ltd | South Africa | 2031-04-19 | 8.798 | 30.27 |
| FSRSJ 9.35% 2033-02-06 ZARFirstrand Bank Ltd | South Africa | 2033-02-06 | 9.350 | 26.58 |
| FSRSJ 9.46% 2029-06-03 ZARFirstrand Bank Ltd | South Africa | 2029-06-03 | 9.457 | 15.59 |
| FSRSJ 9.50% 2031-02-21 ZARFirstrand Bank Ltd | South Africa | 2031-02-21 | 9.500 | 7.53 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Firstrand Bank has been actively issuing bonds since its inception, establishing a solid track record in the capital markets. Its notable bond issuance includes the R5 billion bond series launched in 2020, aimed at strengthening its funding base amidst economic challenges. Currently, Firstrand Bank's bonds yield favorably compared to industry averages, reflecting robust credit ratings and investor confidence. Additionally, the bank's dual-currency bond features enhance its appeal to international investors, particularly in light of recent favorable regulatory conditions for corporate debt in South Africa.