FIRSTRAND BANK LIMITED - FRII - Notification of the Full Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRII - Notification of the Full Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC333
ISIN: ZAG000166752
(FRB)


NOTIFICATION OF THE FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the full capital reduction
of the FRC333 notes.


Bond code:                                                        FRC333
ISIN:                                                             ZAG000166752

Nominal amount before reduction:                                  ZAR 50 000 000.00
Reduction of nominal amount:                                      ZAR 50 000 000.00
Nominal amount after reduction:                                   ZAR 0.00
Settlement / redemption amount:                                   ZAR 50 318 882.00
Pay date of the repurchase and accrued interest:                  8 May 2020
Effective date of the reduction in nominal amount:                8 May 2020

Accrued interest amount:                                          ZAR 1 020 427.40, included in the settlement
                                                                  amount
Annualised interest rate:                                         8.868%
Interest period:                                                  14 February 2020 to 7 May 2020

The full capital reduction is due to the repurchase of the listed debt securities by FRB.



5 May 2020

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 05-05-2020 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.