Enhanced Investments - Financial Portal

FRS298 - Notification of a Partial Capital Reduction of Listed Debt Securities

Published: 2023-09-28 11:46:18 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS298       ISIN: ZAG000185679
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION 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
partial capital reduction of the FRS298 notes (the notes).

Bond code:                                                     FRS298
ISIN:                                                          ZAG000185679
Nominal amount before reduction:                               R115 000 000.00
Reduction in nominal amount:                                   R57 500 000.00
Nominal amount after reduction:                                R57 500 000.00
Settlement / redemption amount:                                R64 941 070.00, as determined in
                                                               accordance with line item 35 of the pricing
                                                               supplement
Pay date/early redemption date:                                29 September 2023
Record date (for STRATE purposes):                             28 September 2023
Effective date of reduction:                                   2 October 2023


This reduction is due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the
notes.



28 September 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.