FIRSTRAND BANK LIMITED - FRC295 - Notification of the Full Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRC295 - Notification of the Full 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
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC295
ISIN: ZAG000159310
(FRB)

NOTIFICATION OF THE FULL 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, as amended from time to time, noteholders are herewith advised of the full capital reduction
of the FRC295 notes.


Bond code:                                                         FRC295
ISIN:                                                              ZAG000159310

Nominal amount before reduction:                                   ZAR 50 000 000.00
Reduction of nominal amount:                                       ZAR 50 000 000.00
Nominal amount after reduction:                                    ZAR 0.00
Settlement / redemption amount:                                    ZAR 50 176 336.22
Pay date of the repurchase:                                        04 March 2020
Effective date of the reduction in nominal amount:                 04 March 2020

Accrued interest amount:                                           ZAR 230 810.96, included in the settlement
                                                                   amount
Annualised interest rate:                                          8.868%
Interest period:                                                   14 February 2020 to 3 March 2020



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


2 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: 02-03-2020 11:15:00
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