FIRSTRAND BANK LIMITED - FRS85 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRS85 - Notification of a Partial Capital Reduction 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
Bond code: FRS85
ISIN: ZAG000104985
(FRB)


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

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 FRS85 notes.


Bond code:                                             FRS85
ISIN:                                                  ZAG000104985

Nominal amount before reduction:                       ZAR 50 000 000.00
Reduction of nominal amount:                           ZAR 30 000 000.00
Nominal amount after reduction:                        ZAR 20 000 000.00
Settlement / redemption amount:                        ZAR 37 182 750.00
Pay date                                               22 November 2018

Accrued interest amount:                               ZAR 261 756.00, included in the settlement amount
Annualised interest rate:                              2.00%
Interest rate for the relevant interest period:        0.625%
Interest period:                                       31 July 2018 to 21 November 2018
Base CPI                                               77.628067138053200
Reference CPI                                          108.43
Calculation of interest amount:                        (Nominal Amount * CPI Adjustment * Interest Rate) / 2, all
                                                       definitions used in this calculation as per the pricing
                                                       supplement

URL to the pricing supplement: https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx


The partial capital reduction is due to the repurchase of the listed debt securities by the issuer.


22 November 2018

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

Date: 22/11/2018 04:57:00 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.