Enhanced Investments - Financial Portal

FRS318 - Notification of a Partial Capital Reduction of Listed Debt Securities and Accrued Interest Payment

Published: 2023-11-14 16:12:27 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS318
ISIN: ZAG000195512
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES AND ACCRUED
INTEREST PAYMENT

In accordance with the terms and conditions of FRB’s R 60 000 000 000.00 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the partial capital
reduction and accrued interest payment of the FRS318 notes.

Bond code:                                                         FRS318
ISIN:                                                              ZAG000195512
Nominal amount before reduction:                                   R 155 029 506.00
Reduction of nominal amount:                                       R 53 016 802.00
Nominal amount after reduction:                                    R 102 012 704.00
Redemption / interest amount:                                      R 55 589 381.25, inclusive of interest
Annualised interest rate:                                          8.178584%
Interest rate for the relevant period:                             4.943%
Applicable formula:                                                IA = [INA * (1 + (Y *T)] * FXT/FX0, all
                                                                   definitions used in this calculation are as per
                                                                   the pricing supplement, with FXT at 22.8059
URL:                                                               https://www.firstrand.co.za/investors/debt-
                                                                   investor-centre/jse-listed-instruments/
Date convention:                                                   Following business day
Record date:                                                       16 November 2023
Pay date of the repurchase and accrued interest:                   17 November 2023
Effective date of the reduction in nominal amount:                 17 November 2023

This partial reduction is due to the amortization of the listed debt securities by the Issuer, in accordance with the
terms and conditions of the notes.



14 November 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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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.