FIRSTRAND BANK LIMITED - FRS208 - Notification of the Partial Capital Reduction of Listed Debt Securities

FRS208 - Notification of the Partial Capital Reduction 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: FRS208
ISIN: ZAG000164377
(FRB)


NOTIFICATION OF THE PARTIAL CAPITAL REDUCTION 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 or restated from time to time, noteholders are herewith advised of the partial
capital reduction of the FRS208 notes.

Bond code:                                            FRS208
ISIN:                                                 ZAG000164377


Nominal amount before reduction:                      ZAR 355 766 025.00
Reduction of nominal amount:                          ZAR 153 336 005.00
Nominal amount after reduction:                       ZAR 202 430 020.00
Settlement / redemption amount:                       ZAR 184 559 055.12
Calculation of settlement / redemption amount:        ILRA = ANA * ((FIL / IIL) + ARA * DC)) *
                                                      (FXFVD/FXFSD), all definitions used in this calculation
                                                      are as per the pricing supplement, with FIL as
                                                      5,858.230 and FXFVD as 16.72000, plus/minus the
                                                      unwind costs associated with the underlying hedges
Pay date of the repurchase:                           27 July 2020
Effective date of the reduction in nominal amount:    28 July 2020

The partial capital reduction is due to the repurchase of the FRS208 listed debt securities by FRB.



27 July 2020

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

Date: 27-07-2020 10:40:00
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