FIRSTRAND BANK LIMITED - FRS85 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities
FRS85 201811220060A
FRS85 - 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: FRS85
ISIN: ZAG000104985
(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 FRS85 notes.
Bond code: FRS85
ISIN: ZAG000104985
Nominal amount before reduction: ZAR 50 000 000.00
Reduction of nominal amount: ZAR 30 000 000.00
Nominal amount after reduction: ZAR 20 000 000.00
Settlement / redemption amount: ZAR 37 182 750.00
Pay date 22 November 2018
Accrued interest amount: ZAR 261 756.00, included in the settlement amount
Annualised interest rate: 2.00%
Interest rate for the relevant interest period: 0.625%
Interest period: 31 July 2018 to 21 November 2018
Base CPI 77.628067138053200
Reference CPI 108.43
Calculation of interest amount: (Nominal Amount * CPI Adjustment * 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 by the issuer.
22 November 2018
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
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