Enhanced Investments - Financial Portal

FRC390 FRC392 - Notification of Full Capital Reductions and Accrued Interest Payment of Listed Debt Securities

Published: 2023-04-17 17:05:24 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC390       ISIN: ZAG000184151
Bond code: FRC392       ISIN: ZAG000184532
(FRB)


NOTIFICATION OF FULL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENT OF LISTED DEBT
SECURITIES

In accordance with the terms and conditions of First Rand Bank Limited’s ZAR 60 000 000 000 Note
Programme dated 29 November 2011, as amended or supplemented from time to time, noteholders are
herewith advised of the full capital redemptions and accrued interest payments of the FRC390 and FRC392
notes (the notes).

Bond code:                                                  FRC390
ISIN:                                                       ZAG000184151
Nominal amount before reduction:                            ZAR 200 000 000.00
Reduction in nominal amount:                                ZAR 200 000 000.00
Nominal amount after reduction:                             ZAR 0.00
Settlement / redemption amount:                             ZAR 205 116 438.36
Accrued interest amount:                                    ZAR 5 116 438.36, included in the settlement
                                                            amount
Annualised interest rate:                                   10.375%

Bond code:                                                  FRC392
ISIN:                                                       ZAG000184532
Nominal amount before reduction:                            ZAR 47 816 000.00
Reduction in nominal amount:                                ZAR 47 816 000.00
Nominal amount after reduction:                             ZAR 0.00
Settlement / redemption amount:                             ZAR 49 039 238.08
Accrued interest amount:                                    ZAR 1 223 238.08, included in the settlement
                                                            amount
Annualised interest rate:                                   10.375%


Interest period:                                            25 January 2023 to 24 April 2023
Pay date / early redemption date:                           25 April 2023

These reductions are due to the early redemptions of the notes by FRB, in accordance with the terms
and conditions of the notes.



17 April 2023

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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.