FIRSTRAND BANK LIMITED - FRC66 - Notification of a Partial Capital Reduction and Accrued Interest Payment

Release Date: 11/10/2018 16:28
Code(s): FRC66
 
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FRC66 - Notification of a Partial Capital Reduction and Accrued Interest Payment

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRC66
ISIN: ZAG000088485
(FRB)


NOTIFICATION OF A PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT

In accordance with the terms and conditions of FRB’s ZAR 30 000 000 000 note programme dated 29
November 2011, bondholders are herewith advised of the partial capital reduction of the FRC66 notes and
the accrued interest paid thereon.


Bond code:                                                         FRC66
ISIN:                                                              ZAG000088485
Effective date:                                                    15 October 2018

Nominal amount before reduction:                                   ZAR 94 000 000.00
Reduction of nominal amount:                                       ZAR 66 350 000.00
Nominal amount after reduction:                                    ZAR 27 650 000.00
Settlement amount:                                                 ZAR 96,240,675.00

Accrued interest amount:                                           ZAR 585 757.61, included in the settlement
                                                                   amount
Annualised interest rate:                                          4.50% nacs
Interest rate for the relevant interest period:                    2.25%
Interest period:                                                   31 July 2018 to 14 October 2018
Calculation of interest amount:                                    (Nominal Amount * CPI Adjustment * Yield) /
                                                                   2, all definitions used in this calculation as
                                                                   per the pricing supplement

URL to the pricing supplement: https://www.firstrand.co.za/InvestorCentre/Pages/debt-programmes.aspx


The partial capital reduction is due to the repurchase of the listed debt securities by the issuer.


11 October 2018

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

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