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FIRSTRAND BANK LIMITED - FRII - Interest Payment and Partial Capital Reduction Notifications

Release Date: 09/01/2019 11:45
Code(s): FRB20 FRS171 FRS172 FRC256 FRC237 FRC239 FRC240 FRC243 FRC245 FRC246 FRC249 FRC250 FRC269 FRS104 FRS103 FRS177     PDF:  
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FRII - Interest Payment and Partial Capital Reduction Notifications

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond Code: FRB20           ISIN: ZAG000135385
Bond Code: FRC237          ISIN: ZAG000135203
Bond Code: FRC239          ISIN: ZAG000135245
Bond Code: FRC240          ISIN: ZAG000135252
Bond Code: FRC243          ISIN: ZAG000135419
Bond Code: FRC245          ISIN: ZAG000135468
Bond Code: FRC246          ISIN: ZAG000135476
Bond Code: FRC249          ISIN: ZAG000135542
Bond Code: FRC250          ISIN: ZAG000135559
Bond Code: FRC256          ISIN: ZAG000145806
Bond Code: FRC269          ISIN: ZAG000150806
Bond Code: FRS103          ISIN: ZAG000111840
Bond Code: FRS104          ISIN: ZAG000111857
Bond Code: FRS171          ISIN: ZAG000147448
Bond Code: FRS172          ISIN: ZAG000147455
Bond Code: FRS177          ISIN: ZAG000152885
(FRB)


INTEREST PAYMENT AND PARTIAL CAPITAL REDUCTION NOTIFICATIONS

Bondholders are advised of the following interest payment due 15 January 2019:

Bond code:                     FRB20
ISIN:                          ZAG000135385
Coupon:                        11.025%
Interest period:               15 October 2018 to 14 January 2019
Interest amount due:           ZAR 17 923 931.51
Payment date:                  15 January 2019
Date Convention:               Following Business Day


Bondholders are advised of the following interest payments due 16 January 2019:

Bond code:                     FRS171
ISIN:                          ZAG000147448
Coupon:                        8.655%
Interest amount due:           ZAR 4 363 068.49

Bond code:                     FRS172
ISIN:                          ZAG000147455
Coupon:                        9.205%
Interest amount due:           ZAR 2 320 164.38

Interest period:               16 October 2018 to 15 January 2019
Payment date:                  16 January 2019
Date Convention:               Modified Following Business Day


Bondholders are advised of the following interest payments due 21 January 2019:

Bond code:                     FRC237
ISIN:                          ZAG000135203
Coupon:                        19.925%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 61 576.44
Bond code:                     FRC239
ISIN:                          ZAG000135245
Coupon:                        20.025%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 70 136.88

Bond code:                     FRC240
ISIN:                          ZAG000135252
Coupon:                        19.025%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 58 795.07

Bond code:                     FRC243
ISIN:                          ZAG000135419
Coupon:                        19.625%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 121 298.63

Bond code:                     FRC245
ISIN:                          ZAG000135468
Coupon:                        19.425%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 163 450.64

Bond code:                     FRC246
ISIN:                          ZAG000135476
Coupon:                        15.525%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 125 251.73

Bond code:                     FRC249
ISIN:                          ZAG000135542
Coupon:                        18.675%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 1 256 628.55

Bond code:                     FRC250
ISIN:                          ZAG000135559
Coupon:                        15.475%
Interest period:               19 October 2018 to 20 January 2019
Interest amount due:           ZAR 1 602 432.99

Bond code:                     FRC269
ISIN:                          ZAG000150806
Coupon:                        8.025%
Interest period:               22 October 2018 to 20 January 2019
Interest amount due:           ZAR 1 000 376.72

Payment date:                  21 January 2019
Date Convention:               Modified Following Business Day


Bondholders are advised that there will be no coupons paid on 21 January 2019 on the following note
as the EURIBOR rate is negative and below the strike rate:

Bond code:                     FRS177
ISIN:                          ZAG000152885


Bondholders are advised of the following interest payments due 23 January 2019:

Bond code:                      FRS103
ISIN:                           ZAG000111840
Interest amount due:            ZAR 2 328 540.04

Bond code:                      FRS104
ISIN:                           ZAG000111857
Interest amount due:            ZAR 1 036 575.33

Coupon:                         8.225%
Interest period:                23 October 2018 to 22 January 2019
Payment date:                   23 January 2019
Date Convention:                Modified Following Business Day


In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated
29 November 2011, bondholders are advised of the partial capital reduction of the FRC256 notes and
the interest payment on the FRC256 notes:

Bond code:                                FRC256
ISIN:                                     ZAG000145806
Coupon:                                   9.225%
Interest period:                          17 October 2018 to 16 January 2019
Interest amount due:                      ZAR 627 805.48
Nominal amount before reduction:          ZAR 27 000 000.00
Reduction in nominal amount:              ZAR 1 500 000.00
Nominal amount after reduction:           ZAR 25 500 000.00
Record date:                              12 January 2019
Payment date:                             17 January 2019
Date Convention:                          Following Business Day

The partial capital reduction is due to the amortisation of the listed debt securities by FRB.



9 January 2019

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

Date: 09/01/2019 11:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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