FIRSTRAND BANK LIMITED - FRS308 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRS308 - 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
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS308       ISIN: ZAG000188004
(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 60 000 000 000.00 note programme dated 29
November 2011, as amended or supplemented from time to time, noteholders are herewith advised of the
partial capital reduction of the FRS308 notes (the notes).

Bond code:                                                     FRS308
ISIN:                                                          ZAG000188004
Nominal amount before reduction:                               ZAR 245 000 000.00
Reduction in nominal amount:                                   ZAR 235 000 000.00
Nominal amount after reduction:                                ZAR 10 000 000.00
Settlement / redemption amount:                                ZAR 236 205 105.75
Accrued interest amount:                                       ZAR 1 205 105.75, included in the settlement
                                                               amount
Annualised interest rate:                                      5.672%


Interest period:                                               28 April 2023 to 30 May 2023
Pay date/early redemption date:                                31 May 2023
Record date (for STRATE purposes):                             30 May 2023



This reduction is due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the
notes.



30 May 2023

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

Date: 30-05-2023 10:05:00
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