FIRSTRAND BANK LIMITED - FRS103 - Notification of a Partial Capital Reduction and Accrued Interest Payment

FRS103 - Notification of a Partial Capital Reduction and Accrued Interest Payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRS103
ISIN: ZAG000111840
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, bondholders are herewith advised of the partial capital reduction of the FRS103 notes and
the accrued interest paid thereon.


Bond code:                                      FRS103
ISIN:                                           ZAG000111840
Effective date:                                 30 November 2018

Nominal amount before reduction:                ZAR 136 671 800.00
Reduction of nominal amount:                    ZAR 24 352 900.00
Nominal amount after reduction:                 ZAR 112 318 900.00
Settlement amount:                              ZAR 24 364 267.00

Accrued interest amount:                        ZAR 208 534.22, included in the settlement
                                                amount
Coupon rate:                                    8.225%
Interest period:                                23 October 2018 to 30 November 2018
Settlement date:                                30 November 2018


This reduction is due to the repurchase of the listed debt securities by the Issuer.

30 November 2018

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

Date: 30/11/2018 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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