FIRSTRAND BANK LIMITED - FRC210 - Notification of a Partial Capital Reduction and Accrued Interest Payment

FRC210 - 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: FRC210
ISIN: ZAG000120296
(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, as amended, bondholders are herewith advised of the partial capital reduction of the
FRC210 notes and the accrued interest paid thereon.

Bond code:                                    FRC210
ISIN:                                         ZAG000120296
Effective date of the reduction:              31 January 2019

Nominal amount before reduction:              ZAR 50 000 000.00
Reduction of nominal amount:                  ZAR 15 000 000.00
Nominal amount after reduction:               ZAR 35 000 000.00
Settlement amount:                            ZAR 15 247 500.00

Accrued interest amount:                      ZAR 170,013.70, included in the settlement
                                              amount
Coupon rate:                                  9.85%
Interest period:                              20 December 2018 to 31 January 2019
Settlement / Pay date of the repurchase:      31 January 2019


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


29 January 2019

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

Date: 29/01/2019 01:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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