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FIRSTRAND BANK LIMITED - FRII - Notification of a Credit Event Called By FRB

Release Date: 20/10/2023 15:33
Code(s): FRC323 FRC299 FRC341     PDF:  
Wrap Text
FRII - Notification of a Credit Event Called By FRB

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC299       ISIN: ZAG000159575
Bond code: FRC323       ISIN: ZAG000163874
Bond code: FRC341       ISIN: ZAG000168675
(FRB)


NOTIFICATION OF A CREDIT EVENT CALLED BY FRB

Noteholders are advised that FRB hereby gives notice, in accordance with the terms and conditions of
the R60 000 000 000.00 note programme dated 29 November 2011 as amended from time to time, of
the occurrence of a credit event on the FRC299, FRC323 and FR341 notes (affected notes), each of
which referenced Rite Aid Corporation as a constituent of the underlying reference index, the Markit
CDX North America High Yield Index as set out in paragraph 93(e) of the applicable pricing supplement
for each affected note.

The details of the write-down applicable in respect of the affected notes, in accordance with paragraph
51(D) of the pricing supplement, will be communicated as soon as this has been determined.



20 October 2023

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

Date: 20-10-2023 03:33:00
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