Enhanced Investments - Financial Portal

FRS101 - Notification of Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

Published: 2024-03-06 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: FRS101            ISIN: ZAG000111774
(FRB)

NOTIFICATION OF PARTIAL CAPITAL REDUCTION 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 partial capital
reductions and accrued interest payments of the FRS101 notes.


Bond code:                                                    FRS101
ISIN:                                                         ZAG000111774
Nominal amount before reduction:                              R 19 109 000.00
Reduction of nominal amount:                                  R 9 750 000.00
Nominal amount after reduction:                               R 9 359 000.00
Settlement / redemption amount:                               R 11 276 793.67
Accrued interest amount:                                      R 37 705.94, included in the settlement
                                                              amount
Annualised interest rate:                                     2.250%
Interest rate for the period:                                 1.125%
Base CPI:                                                     62.5024697
Reference CPI:                                                115.0117758
Pay/settlement date of the redemption:                        5 March 2024
Effective date of the reduction in nominal amount:            8 March 2024
Record date (for purposes of STRATE):                         7 March 2024
Applicable formula:                                           (Aggregate Nominal Amount x CPI
                                                              Adjustment x Interest Rate) / 2, all definitions
                                                              used in this calculation as per the pricing
                                                              supplement
URL:                                                          https://www.firstrand.co.za/investors/debt-
                                                              investor-centre/jse-listed-instruments/

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


6 March 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

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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.