FIRSTRAND BANK LIMITED - FRS318 - Notification of a partial capital reduction of listed debt securities and accrued interest payment

FRS318 - Notification of a partial capital reduction of listed debt securities and accrued interest payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS318
ISIN: ZAG000195512
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES AND ACCRUED
INTEREST PAYMENT

In accordance with the terms and conditions of FRB's R 60 000 000 000.00 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the partial capital
reduction and accrued interest payment of the FRS318 notes.

Bond code:                                                         FRS318
ISIN:                                                              ZAG000195512
Nominal amount before reduction:                                   R 102 012 704.00
Reduction of nominal amount:                                       R 51 629 134.00
Nominal amount after reduction:                                    R 50 383 570.00
Redemption / interest amount:                                      R 56 247 262.43, inclusive of interest
Annualised interest rate:                                          8.089141%%
Interest rate for the relevant period:                             5.218%
Applicable formula:                                                IA = [INA * (1 + (Y *T)] * FXT/FX0, all
                                                                   definitions used in this calculation are as per
                                                                   the pricing supplement, with FXT at
                                                                   23.07584659
URL:                                                               https://www.firstrand.co.za/investors/debt-
                                                                   investor-centre/jse-listed-instruments/
Date convention:                                                   Following business day
Record date:                                                       16 May 2024
Pay date of the repurchase and accrued interest:                   17 May 2024
Effective date of the reduction in nominal amount:                 17 May 2024

This partial reduction is due to the amortization of the listed debt securities by the Issuer, in accordance with the
terms and conditions of the notes.



14 May 2024

Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 14-05-2024 09:59:00
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.