FIRSTRAND BANK LIMITED - FRS318 - Notification of a partial capital reduction of listed debt securities and accrued interest payment

FRS318 - Notification of a partial capital reduction of listed debt securities and accrued interest payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS318
ISIN: ZAG000195512
(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 ZAR 60 000 000 000.00 note programme dated 29
November 2011, as amended from time to time, noteholders are herewith advised of the partial capital
reduction and accrued interest payment of the FRS318 notes.

Bond code:                                                         FRS318
ISIN:                                                              ZAG000195512
Nominal amount before reduction:                                   ZAR 168 620 991.00
Reduction of nominal amount:                                       ZAR 13 591 485.00
Nominal amount after reduction:                                    ZAR 155 029 506.00
Settlement / redemption amount:                                    ZAR 13 591 485.00
Annualised interest rate:                                          68.00594%
Interest rate for the relevant period:                             6.7074%
Interest amount due:                                               ZAR 911 640.00
Applicable formula:                                                IA = [INA * (1 + (Y *T)] * FXT/FX0, all
                                                                   definitions used in this calculation are as per
                                                                   the pricing supplement, with FXFVD at 23.8
URL:                                                               https://www.firstrand.co.za/investors/debt-
                                                                   investor-centre/jse-listed-instruments/
Date Convention:                                                   Following Business Day
Pay date of the repurchase and accrued interest:                   17 May 2023
Effective date of the reduction in nominal amount:                 17 May 2023

This partial reduction is due to the amortization of the listed debt securities by the Issuer, in accordance with the
terms and conditions of the notes.



15 May 2023

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 15-05-2023 04:20:00
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