Enhanced Investments - Financial Portal

FRC366 - Notification of a Full Capital Repurchase and Accrued Interest Payment of Listed Debt Securities

Published: 2023-12-05 11:20:29 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRC366
ISIN: ZAG000176397
(FRB)


NOTIFICATION OF A FULL CAPITAL REPURCHASE AND ACCRUED INTEREST PAYMENT OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB’s R 60 000 000 000 Note Programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the full capital
repurchase of the FRC366 notes (the notes) and the accrued interest payment thereon.

Bond code:                                               FRC366
ISIN:                                                    ZAG000176397
Nominal amount before redemption:                        R 168 000 000.00
Redemption in nominal amount:                            R 168 000 000.00
Nominal amount after redemption:                         R 0.00
Settlement / redemption amount:                          R 168 000 000.00
Accrued interest amount:                                 R 1 767 175.89, included in the settlement
                                                         amount
Annualised interest rate:                                4.860%
Interest period:                                         20 September 2023 to 7 December 2023
Pay date / effective date:                               8 December 2023
Record date (for purposes of STRATE):                    7 December 2023


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



5 December 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.