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
LEI: ZAYQDKTCATIXF9OQY690
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, noteholders are herewith advised of the partial capital
reduction of the FRS103 notes.


Bond code:                                                         FRS103
ISIN:                                                              ZAG000111840

Nominal amount before reduction:                                   ZAR 110 700 000.00
Reduction of nominal amount:                                       ZAR 13 000 000.00
Nominal amount after reduction:                                    ZAR 97 700 000.00
Settlement / redemption amount:                                    ZAR 13 074 985.60
Pay date of the repurchase:                                        10 February 2020
Effective date of the reduction in nominal amount:                 10 February 2020

Accrued interest amount:                                           ZAR 49 736.22, included in the settlement
                                                                   amount
Annualised interest rate:                                          7.758%
Interest period:                                                   23 January 2020 to 9 February 2020


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


5 February 2020

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 05-02-2020 12:30:00
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