FORTRESS REIT LIMITED - FIFB19 - Listing of New Financial Instrument

FIFB19 - Listing of New Financial Instrument

Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
LEI: 378900FE98E30F24D975
Company code: FORI
(Approved as a REIT by the JSE)
Bond Code: FIFB19
ISIN: ZAG000171604
(“Fortress”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Fortress the listing of 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 13 October 2020.


Debt Security Code:                         FIFB19
ISIN:                                       ZAG000171604
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 300 000 000.00
Issue Date:                                 13 October 2020
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 220 basis points
Interest Commencement Date:                 13 October 2020
Interest Determination Date(s):             13 January, 13 April, 13 July and 13 October of each year until the
                                            Maturity Date, with the first interest determination date being 8
                                            October 2020
First Interest Payment Date:                13 January 2020
Interest Payment Date(s):                   13 January, 13 April, 13 July and 13 October of each year until the
                                            Maturity Date
Last Day to Register:                       By 17h00 on 2 January, 2 April, 2 July and 2 October of each year
                                            until the Maturity Date
Books Close:                                3 January, 3 April, 3 July and 3 October of each year until the
                                            Maturity Date
Business Day Convention:                    Following Business Day
Maturity Date:                              13 October 2023
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 10 447 375 000.00, exclusive of this issuance of notes
Dealer:                                     The Standard Bank of South Africa Limited, acting through its
                                            Corporate and Investment Banking division

12 October 2020

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12-10-2020 10:40:00
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