FirstRand Bank schedules partial capital reduction, paying out R 2,083,333 on Oct. 1, 2026
FirstRand Bank announced a partial capital reduction on its FRC551 listed debt securities via amortization. Nominal amount will fall to R 22,916,667 from R 25,000,000, implying a R 2,083,333 reduction. Cash settlement of R 2,083,333 is scheduled for Oct. 1, 2026; record date is Sept. 30, 2026. Disclaimer: This news bri