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Prospect News home > News index > List of issuers F > Headlines for FirstRand Bank Ltd. > News item
Published on 6/1/2011 in the Prospect News Emerging Markets Daily.

South Africa's FirstRand talks $300 million five-year notes at mid-swaps plus 262.5 to 275 bps

By Christine Van Dusen

Atlanta, June 1 - South Africa's FirstRand Bank Ltd. set price guidance for its planned $300 million issue of five-year notes (A2/BBB+/BBB+) at mid-swaps plus 262.5 to 275 basis points, a market source said.

FirstRand Bank, JPMorgan, Mitsubishi UFJ Securities, Standard Chartered Bank and UBS are the bookrunners for the Regulation S notes, which are expected to price Thursday.

FirstRand Bank is a lender based in Sandton, South Africa.


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