FIRSTRAND BANK LIMITED - FRC390 FRC392 - Notification of Full Capital Reductions and Accrued Interest Payment of Listed Debt Securities

FRC390 FRC392 - Notification of Full Capital Reductions 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: FRC390       ISIN: ZAG000184151
Bond code: FRC392       ISIN: ZAG000184532
(FRB)


NOTIFICATION OF FULL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENT OF LISTED DEBT
SECURITIES

In accordance with the terms and conditions of First Rand Bank Limited’s ZAR 60 000 000 000 Note
Programme dated 29 November 2011, as amended or supplemented from time to time, noteholders are
herewith advised of the full capital redemptions and accrued interest payments of the FRC390 and FRC392
notes (the notes).

Bond code:                                                  FRC390
ISIN:                                                       ZAG000184151
Nominal amount before reduction:                            ZAR 200 000 000.00
Reduction in nominal amount:                                ZAR 200 000 000.00
Nominal amount after reduction:                             ZAR 0.00
Settlement / redemption amount:                             ZAR 205 116 438.36
Accrued interest amount:                                    ZAR 5 116 438.36, included in the settlement
                                                            amount
Annualised interest rate:                                   10.375%

Bond code:                                                  FRC392
ISIN:                                                       ZAG000184532
Nominal amount before reduction:                            ZAR 47 816 000.00
Reduction in nominal amount:                                ZAR 47 816 000.00
Nominal amount after reduction:                             ZAR 0.00
Settlement / redemption amount:                             ZAR 49 039 238.08
Accrued interest amount:                                    ZAR 1 223 238.08, included in the settlement
                                                            amount
Annualised interest rate:                                   10.375%


Interest period:                                            25 January 2023 to 24 April 2023
Pay date / early redemption date:                           25 April 2023

These reductions are due to the early redemptions of the notes by FRB, in accordance with the terms
and conditions of the notes.



17 April 2023

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

Date: 17-04-2023 04:05:00
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.