FIRSTRAND BANK LIMITED - FRS87 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

2019-02-12 08:00:00

FRS87 201902120004A
FRS87 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRII
Bond code: FRS87
ISIN: ZAG000105420
(FRB)

NOTIFICATION OF A PARTIAL CAPITAL REDUCTION AND ACCRUED INTEREST PAYMENT OF LISTED
DEBT SECURITIES

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 FRS87 notes.


Bond code:                                                         FRS87
ISIN:                                                              ZAG000105420

Nominal amount before reduction:                                   ZAR 77 000 000.00
Reduction of nominal amount:                                       ZAR 26 000 000.00
Nominal amount after reduction:                                    ZAR 51 000 000.00
Settlement / redemption amount:                                    ZAR 32 443 080.80
Pay date                                                           13 February 2019

Accrued interest amount:                                           ZAR 26 119.60, included in the settlement
                                                                   amount
Annualised interest rate:                                          2.00%
Interest period:                                                   31 January 2019 to 12 February 2019
Interest rate for the relevant interest period:                    0.0712%
Base CPI                                                           77.6280671381
Reference CPI                                                      109.4857142857
Calculation of interest amount:                                    (Nominal Amount x CPI Adjustment x
                                                                   Interest Rate) / 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 of the issuer.


12 February 2019

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

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