Enhanced Investments - Financial Portal

FRS305 FRS308 - Notification of full capital reductions of listed debt securities

Published: 2023-06-23 11:40:19 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS305       ISIN: ZAG000186792
Bond code: FRS308       ISIN: ZAG000188004
(FRB)


NOTIFICATION OF FULL CAPITAL REDUCTIONS OF LISTED DEBT SECURITIES


In accordance with the terms and conditions of FRB’s R60 000 000 000.00 note programme dated 29
November 2011, as amended or supplemented from time to time, noteholders are herewith advised of the full
capital reductions of the FRS305 and FRS308 notes (the notes).

Bond code:                                                    FRS305
ISIN:                                                         ZAG000186792
Nominal amount before reduction:                              R60 000 000.00
Reduction in nominal amount:                                  R60 000 000.00
Nominal amount after reduction:                               R0.00
Settlement / redemption amount:                               R43 843 587.00
Accrued interest amount:                                      R1 325 915.52, included in the settlement
                                                              amount
Annualised interest rate:                                     9.958%
Interest period:                                              6 April 2023 to 25 June 2023


Bond code:                                                    FRS308
ISIN:                                                         ZAG000188004
Nominal amount before reduction:                              R10 000 000.00
Reduction in nominal amount:                                  R10 000 000.00
Nominal amount after reduction:                               R0.00
Settlement / redemption amount:                               R6 878 360.00
Accrued interest amount:                                      R91 684.38, included in the settlement amount
Annualised interest rate:                                     5.672%
Interest period:                                              28 April 2023 to 25 June 2023



Pay date/early redemption date:                               26 June 2023
Record date (for STRATE purposes):                            23 June 2023



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



23 June 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

Important disclosures

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.

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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.