Enhanced Investments - Financial Portal

FRII - Notification of Full Capital Reductions and Accrued Interest Payments of Listed Debt Securities

Published: 2024-02-20 10:55:22 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS81        ISIN: ZAG000100892
Bond code: FRS122       ISIN: ZAG000121062
Bond code: FRS134       ISIN: ZAG000126574
(FRB)

NOTIFICATION OF FULL CAPITAL REDUCTIONS AND ACCRUED INTEREST PAYMENTS 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
reductions and accrued interest payments of the FRS81, FRS122 and FRS134 notes.


Bond code:                                              FRS81
ISIN:                                                   ZAG000100892
Nominal amount before reduction:                        R 20 000 000.00
Reduction of nominal amount:                            R 20 000 000.00
Nominal amount after reduction:                         R 0.00
Settlement / redemption amount:                         R 19 544 223.00
Accrued interest amount:                                R 270 423.08, included in the settlement
                                                        amount
Annualised interest rate:                               2.250%
Interest rate for the period:                           1.125%
Base CPI:                                               63.13
Reference CPI:                                          112.88

Bond code:                                              FRS122
ISIN:                                                   ZAG000121062
Nominal amount before reduction:                        R 5 000 000.00
Reduction of nominal amount:                            R 5 000 000.00
Nominal amount after reduction:                         R 0.00
Settlement / redemption amount:                         R 8 356 672.00
Accrued interest amount:                                R 15 165.79, included in the settlement amount
Annualised interest rate:                               2.000%
Interest rate for the period:                           1.000%
Base CPI:                                               62.50
Reference CPI:                                          115.01

Bond code:                                              FRS134
ISIN:                                                   ZAG000126574
Nominal amount before reduction:                        R 10 000 000.00
Reduction of nominal amount:                            R 10 000 000.00
Nominal amount after reduction:                         R 0.00
Settlement / redemption amount:                         R 10 585 123.00
Accrued interest amount:                                R 34 123.02, included in the settlement amount
Annualised interest rate:                               2.250%
Interest rate for the period:                           1.125%
Base CPI:                                               62.50
Reference CPI:                                          115.01


Pay date of the redemption:                             1 March 2024
Effective date of the reduction in nominal amount:      1 March 2024
Record date:                                            29 February 2024
Applicable formula:                                             (Aggregate Nominal Amount x CPI
                                                                Adjustment x Interest Rate) / 2, all definitions
                                                                used in this calculation as per the pricing
                                                                supplements
URL:                                                            https://www.firstrand.co.za/investors/debt-
                                                                investor-centre/jse-listed-instruments/

The full capital reductions are due to the early redemption of the listed debt securities of FRB in accordance
with the terms and conditions of the notes.


20 February 2024

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.