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FRK02 - Accrued Interest on the FRB Bank Gold Bond
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRD
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: FRK02
ISIN: ZAE000275533
(FRB)
ACCRUED INTEREST ON THE FRB BANK GOLD BOND
FirstRand Bank Limited wishes to advise noteholders that interest payable to investors at maturity of the FRB
Gold Bond will be dependent on the ZAR value of the ounce interest as at redemption. As a result of fluctuations
in the USD gold price and the rand/dollar exchange rate, the ZAR value of interest paid at maturity may not
equal the sum of the ZAR interest announced annually via SENS. FRB further wishes to advise that interest is
calculated in ounces of gold and as such for purposes of calculating the annual interest which has accrued on
the note, interest earned per ounce is converted to a ZAR amount at the end of February in each year. Interest
accrued on the FRK02 bond for the period 1 March 2020 - 28 February 2021 has amounted to 0.006981 ounces
per unit, which yields an approximate rand interest value of ZAR 184.39 per bond unit.
*A rand gold price of ZAR 26 413.00 per ounce has been applied (as at London close of business on the last
business day of February).
5 March 2021
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 05-03-2021 03:14:00
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