FRK02 FRPT01 - Accrued Interest on the FRB Notes Listed on the Mainboard
FRK02 FRPT01 - Accrued Interest on the FRB Notes Listed on the Mainboard:
FRK02 FRPT01 - Accrued Interest on the FRB Notes Listed on the Mainboard
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1929/001225/06)
Issuer code: FRD
LEI: ZAYQDKTCATIXF9OQY690
Alpha code: FRK02
ISIN: ZAE000275533
Alpha code: FRPT01
ISIN: ZAE000205480
(FRB)
ACCRUED INTEREST ON THE FRB NOTES LISTED ON THE MAINBOARD
ACCRUED INTEREST ON THE FRB BANK GOLD BOND
FirstRand Bank Limited wishes to advise noteholders that interest payable to investors at maturity of the FRB
Gold Bond will be dependent on the ZAR value of the ounce interest as at redemption. As a result of fluctuations
in the USD gold price and the rand/dollar exchange rate, the ZAR value of interest paid at maturity may not
equal the sum of the ZAR interest announced annually via SENS. FRB further wishes to advise that interest is
calculated in ounces of gold and as such for purposes of calculating the annual interest which has accrued on
the note, interest earned per ounce is converted to a ZAR amount at the end of February in each year. Interest
accrued on the FRK02 bond for the period 12 August 2019 - 28 February 2020 has amounted to 0.00383
ounces per unit, which yields an approximate rand interest value of ZAR 97.50 per bond unit.
*A rand gold price of ZAR 25420 per ounce has been applied (as at London close of business on the last
business day of February).
ACCRUED INTEREST ON THE FRB PLATINUM ETF LINKED STRUCTURED NOTE
FirstRand Bank Limited wishes to advise noteholders that interest payable to investors at maturity of the FRB
Platinum ETF note will be dependent on the unit value of the notes at redemption. Interest accrued on the
FRTP01 note for the period 1 March 2019 – 28 February 2020 has amounted to 0.00273973 per unit, which
yields an approximate rand interest value of ZAR 37.62 per unit.
19 May 2020
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 19-05-2020 03:45:00
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