FIRSTRAND BANK LIMITED - FRS103 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRS103 - Notification of a Partial 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
Bond code: FRS103
ISIN: ZAG000111840
(FRB)

NOTIFICATION OF A PARTIAL 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, bondholders are herewith advised of the partial capital
reduction of the FRS103 notes.


Bond code:                                                        FRS103
ISIN:                                                             ZAG000111840

Nominal amount before reduction:                                  ZAR 112 318 900.00
Reduction of nominal amount:                                      ZAR 1 618 900.00
Nominal amount after reduction:                                   ZAR 110 700 000.00
Settlement / redemption amount:                                   ZAR 1 625 824.77
Pay date of the repurchase:                                       30 October 2019
Effective date of the reduction in nominal amount:                30 October 2019

Accrued interest amount:                                          ZAR 2 476.03, included in the settlement
                                                                  amount
Annualised interest rate:                                         7.975%
Interest period:                                                  23 October 2019 to 29 October 2019


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


25 October 2019

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

Date: 25/10/2019 09:55:00
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