PROJECT

Projects

Summary of Investment Information

Project Number

52393

Company Name

FIRSTRAND BANK LTD

Date SPI Disclosed

Apr 1, 2026

Country

South Africa

Region

Africa

Projected Board Date

Mar 20, 2026

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Apr 4, 2026

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Mar 20, 2026
Signed : Mar 23, 2026
Invested : Mar 31, 2026

Sector

Commercial Banking - SME Finance

Project Description

The proposed project is an up to ZAR1.6 billion IFC anchor investment in a senior unsecured outcome-based bond to be issued by FirstRand Bank Limited (FRB or the Bank). The proceeds of the IFC investment will be earmarked for on-lending to micro, small and medium enterprises (MSMEs) in the agriculture sector in South Africa. The outcome-based structure will support the implementation of a conservation project which aims to remove invasive plants for the ecological restoration of water availability in the Wemmershoek, Steenbras and the Berg River catchment areas. The final yield for the noteholders will be determined based on the success of this conservation project.     

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation