Enhanced Investments - Financial Portal

FRS37 - Notification of a Partial Capital Reduction of Listed Debt Securities and Accrued Interest Payment

Published: 2023-11-17 15:10:22 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS37        ISIN: ZAG000077793
(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 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 FRS37 notes (the notes) and accrued interest payment.

Bond code:                                                     FRS37
ISIN:                                                          ZAG000077793
Repurchase nominal amount:                                     R 138 424 000.00
Remaining nominal amount in issue:                             R 201 000 000.00
Settlement / repurchase amount:                                R 474 325 147.00
Pay date / repurchase date:                                    15 November 2023
Effective date of repurchase:                                  15 November 2023
Accrued interest amount:                                       ZAR 9 842 585.00, included in the settlement
                                                               amount
Annualised coupon rate:                                        5.50%
Base CPI:                                                      41.172470
Ref CPI:                                                       138.154471
Pay date / effective date:                                     15 November 2023



This reduction is due to the repurchase of the notes by FRB, in accordance with the terms and conditions of the
notes. The repurchased nominal amount will be held by FRB until the maturity date of the note being 7
December 2023.



17 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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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.