FIRSTRAND BANK LIMITED - FRS103 - Notification of the Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FRS103 - Notification of the 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)
JSE company code interest rate issuer: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS103
ISIN: ZAG000111840
(FRB)


NOTIFICATION OF THE 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, as amended from time to time, noteholders are herewith advised of the partial capital
reduction and accrued interest payment of the FRS103 notes.


Bond code:                                                        FRS103
ISIN:                                                             ZAG000111840

Nominal amount before reduction:                                  ZAR 97 700 000.00
Reduction of nominal amount:                                      ZAR 6 500 000.00
Nominal amount after reduction:                                   ZAR 91 200 000.00
Settlement / redemption amount:                                   ZAR 6 455 268.00
Pay date of the repurchase and accrued interest:                  18 May 2020
Effective date of the reduction in nominal amount:                18 May 2020

Accrued interest amount:                                          ZAR 25 786.30, included in the settlement
                                                                  amount
Annualised interest rate:                                         5.792%
Interest period:                                                  23 April 2020 to 17 May 2020

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



15 May 2020

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

Date: 15-05-2020 12:20:00
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