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APF14 APF19 - Notification of Listing of New Financial Instrument and Capital Reduction of Listed Debt Securities
Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/015057/06)
Company code: APFE
LEI Number: 3789008641F1D3D90E85
(Approved as a REIT by the JSE)
Bond code: APF14 ISIN: ZAG000171075
Bond code: APF19 ISIN: ZAG000194069
(“Accelerate” or the “Issuer”)
NOTIFICATION OF LISTING OF NEW FINANCIAL INSTRUMENT AND CAPITAL REDUCTION OF
LISTED DEBT SECURITIES
The JSE Limited has granted Accelerate the listing of its Senior Secured Floating Rate Notes, in terms
of the Accelerate Domestic Medium Term Note Programme dated 9 September 2014 (the
“Programme”), effective 02 March 2023.
Debt Security Code: APF19
ISIN: ZAG000194069
Type of Debt Security: Floating Rate Notes
Nominal Issued: ZAR 325 000 000.00
Issue Date: 2 March 2023
Issue Price: 100%
Coupon Rate: 3 Month JIBAR plus 275 basis points
Interest Commencement Date: 2 March 2023
Interest Rate Determination Date(s): 2 June, 2 September, 2 December and 2
March of each year until the Maturity Date,
with the first Interest Rate Determination
Date being 27 February 2023
First Interest Payment Date: 2 June 2023
Interest Payment Date(s): 2 June, 2 September, 2 December and 2
March of each year until the Maturity Date
Last Day to Register: By 17h00 on 22 May, 22 August, 21 November
and 19 February of each year until the
Maturity Date
Books Close: 23 May, 23 August, 22 November and 20
February of each year until the Maturity Date
Business Day Convention: Following Business Day
Maturity Date: 2 March 2026
Final Maturity Amount: 100% of 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 description of the security
arrangements under Appendix A, the
additional terms and conditions under
Appendix B, which includes the Guarantee,
Financial Covenants and the Negative
Undertakings, the debt Guarantee under
Appendix C, the Additional Documents
Incorporated by Reference under Appendix D
and the description of the Guarantors and the
Trustee under Appendix E of the pricing
supplement
Programme Amount: ZAR 5 000 000 000.00
Total Notes in issue under the Programme ZAR 1 907 210 000.00, exclusive of this
issuance
as at the issue date: of notes
Dealer: Rand Merchant Bank, a division of FirstRand
Bank Limited
In accordance with the Terms and Conditions of Accelerate’s ZAR5,000,000,000.00 Domestic
Medium Term Note Programme dated 9 September 2014, noteholders are herewith advised of the
following capital reduction of the APF14 notes (the “Notes”) effective 2 March 2023.
Bond code: APF14
ISIN: ZAG000171075
Nominal amount before reduction: ZAR 275 000 000.00
Reduction of nominal amount: ZAR 25 000 000.00
Nominal amount after reduction: ZAR 250 000 000.00
Settlement amount: ZAR R25 515 794.53
Accrued interest amount: ZAR 515 794.52, included in the settlement
amount
Annualised interest rate: 10.758%
Interest period: 22 December 2022 to 1 March 2023
Pay date of the repurchase: 2 March 2023
Effective date of the reductions in nominal amount: 2 March 2023
This capital reduction is due to the repurchase of the Notes by the Issuer.
1 March 2023
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01-03-2023 09:30:00
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