NITRO PROGRAMME (RF) LIMITED - N7A20 - Notification of a Partial Capital Reduction of Listed Debt Securities

N7A20 - Notification of a Partial Capital Reduction of Listed Debt Securities

Nitro Programme (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2018/453364/06)
Company code: NTPI
Bond Code: N7A20
ISIN: ZAG000159021
(“Nitro Programme”)

NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES

In accordance with the Terms and Conditions of Nitro Programme’s ZAR 6 000 000 000.00 Asset Backed
Securities Programme (“the Programme”) dated 25 April 2019, noteholders are herewith advised of the
partial capital reduction of the N7A20 notes.


Bond Code:                                       N7A20
ISIN:                                            ZAG000159021
Amount before Reduction:                         ZAR 420 000 000.00
Reduction Amount:                                ZAR 238 148 000.00
Amount after Reduction:                          ZAR 181 852 000.00
Record Date:                                     13 September 2019
Effective and Pay Date:                          20 September 2019

The partial capital reduction is due to the early redemption of the listed debt securities by the Issuer and is
in line with the terms set out in the Programme.


10 September 2019

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

Date: 10/09/2019 12:10:00
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