NITRO PROGRAMME (RF) LIMITED - N7B25 - Notification of a Partial Capital Reduction of Listed Debt Securities

N7B25 - 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: N7B25
ISIN: ZAG000159039
(“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 N7B25 notes.


Bond Code:                                       N7B25
ISIN:                                            ZAG000159039
Amount before Reduction:                         ZAR 1 400 000 000.00
Reduction Amount:                                ZAR 156 137 854.33
Amount after Reduction:                          ZAR 1 243 862 145.67
Record Date:                                     13 March 2020
Effective and Pay Date:                          20 March 2020

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.


9 March 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: 09-03-2020 05:40:00
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.