FORTRESS REIT LIMITED - FIFC35 - Listing of New Financial Instrument

FIFC35 - Listing of New Financial Instrument

Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
Company code: FORI
(Approved as a REIT by the JSE)
Bond Code: FIFC35
ISIN: ZAG000166059
(“Fortress” or the “Issuer”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Fortress the listing of its Senior Unsecured Floating Rate Notes, in terms of its
Domestic Medium Term Note Programme (“the Programme”) dated 10 January 2019, as guaranteed by Capital
Propfund Proprietary Limited and Fortress Income 3 Proprietary Limited, effective 11 February 2020.

Bond Code:                                  FIFC35
ISIN:                                       ZAG000166059
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 300 000 000.00
Issue Date:                                 11 February 2020
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 125 basis points
Interest Commencement Date:                 11 February 2020
Interest Determination Date(s):             11 May 2020, 11 August 2020 and 11 November 2020, with the
                                            first interest determination date being 6 February 2020
First Interest Payment Date:                11 May 2020
Interest Payment Date(s):                   11 May 2020, 11 August 2020, 11 November 2020 and 11 February
                                            2021
Last Day to Register:                       By 17h00 on 30 April 2020, 31 July 2020, 31 October 2020 and 31
                                            January 2021
Books Close:                                1 May 2020, 1 August 2020, 1 November 2020 and 1 February
                                            2021
Business Day Convention:                    Following Business Day
Maturity Date:                              11 February 2021
Final Maturity Amount:                      100% of the Aggregate Nominal Amount
Other:                                      The pricing supplement contains additional terms and conditions
                                            to the terms and conditions as contained in the Programme
Summary of Additional Terms:                Please refer to the covenant information as per line item 55 and
                                            Schedule 1 of the pricing supplement

Programme Amount:                           ZAR 20 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 10 638 750 000.00, exclusive of this issuance of notes
Dealer:                                     The Standard Bank of South Africa Limited, acting through its
                                            Corporate and Investment Banking division


10 February 2020

Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa

Date: 10-02-2020 10:15:00
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