Enhanced Investments - Financial Portal

FRS227 - Notification of the Full Capital Reduction and Accrued Interest Payment of listed debt securities

Published: 2022-07-07 11:56:29 ET

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS227
ISIN: ZAG000169897
(FRB)


NOTIFICATION OF THE FULL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED
DEBT SECURITIES

In accordance with the terms and conditions of FRB’s ZAR 60 000 000 000.00 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the full capital reduction
and accrued interest payment of the FRS227 notes (notes).

Bond code:                                                       FRS227
ISIN:                                                            ZAG000169897
Nominal amount before reduction:                                 ZAR 245 000 000.00
Reduction of nominal amount:                                     ZAR 245 000 000.00
Nominal amount after reduction:                                  ZAR 0.00
Settlement / redemption amount:                                  ZAR 250 495 970.90
Record date:                                                     15 July 2022
Pay date / early redemption date:                                18 July 2022

Accrued interest amount:                                         ZAR 5 582 681.01, included in the settlement
                                                                 amount
Annualised interest rate:                                        10.40%
Interest period:                                                 29 April 2022 to 17 July 2022

The notes will be settled free of value as the settlement amount has been utilised in the issuance of a new
note, FRS308.

The full capital reduction is due to the early redemption of the notes by FRB.



7 July 2022

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.