FRS81 - Notification of a Partial Capital Reduction and Accrued Interest Payment of Listed Debt Securities
FRS81 - 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
LEI: ZAYQDKTCATIXF9OQY690
Bond code: FRS81
ISIN: ZAG000100892
(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, as amended from time to time, bondholders are herewith advised of the partial capital
reduction of the FRS81 notes.
Bond code: FRS81
ISIN: ZAG000100892
Nominal amount before reduction: ZAR 30 000 000.00
Reduction of nominal amount: ZAR 10 000 000.00
Nominal amount after reduction: ZAR 20 000 000.00
Settlement / redemption amount: ZAR 8 950 601.00
Pay date of the repurchase: 20 December 2019
Effective date of the reduction in nominal amount: 20 December 2019
Accrued interest amount: ZAR 102 023.00, included in the settlement
amount
Annualised interest rate: 2.25%
Interest rate for the period: 1.125%
Base CPI: 78.4039
Reference CPI: 113.1646322
Applicable formula: (Aggregate Nominal Amount x CPI
Adjustment x Interest Rate) / 2, all definitions
used in this calculation as per the pricing
supplements
URL: https://www.firstrand.co.za/investors/debt-investor-centre/jse-listed-instruments/
The partial capital reduction is due to the repurchase of the listed debt securities of FRB.
17 December 2019
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 17-12-2019 11:20:00
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