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ACCELERATE PROPERTY FUND LIMITED - Listing of a new financial instrument

Release Date: 26/02/2025 10:45
Code(s): APF21     PDF:  
Wrap Text
Listing of a new financial instrument

ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(Approved as a REIT by the JSE)
Bond code: APF21          ISIN: ZAG000212648


LISTING OF A NEW FINANCIAL INSTRUMENT


The JSE Limited has granted Accelerate the listing of its Senior Secured Floating Rate Notes, in terms
of its Domestic Medium Term Note Programme dated 9 September 2014, effective 27 February 2025.

Debt Security Code:                         APF21
ISIN:                                       ZAG000212648
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR170,163,751
Issue Price:                                100%
Issue Date:                                 27 February 2025
Coupon Rate:                                3 Month JIBAR plus 350 basis points
Interest Commencement Date:                 27 February 2025
Interest Rate Determination Date(s):        25 February 2025
First Interest Payment Date:                24 March 2025
Interest Payment Date(s):                   24 March 2025, or if such day is not a Business Day, the
                                            Business Day on which interest will be paid, as
                                            determined in accordance with the Applicable Business
                                            Day Convention (as specified in this Applicable Pricing
                                            Supplement)
Last Day to Register:                       By 17h00 on 19 March 2025, or if any early redemption
                                            occurs, 5 days prior to the actual Redemption Date, or if
                                            such day is not a Business Day, the Business Day before
                                            the Books Closed Period
Books Close:                                The Register will be closed from 20 March to 23 March
                                            2025, or if any early redemption occurs, 4 days prior to
                                            the actual Redemption Date.Business Day Convention:
                                                Following Business Day
Maturity Date:                              24 March 2025
Final Maturity Amount:                      100 percent of Nominal Amount
Other:                                      The pricing supplement does not contain additional
                                            terms and conditions or changes to the terms and
                                            conditions as contained in the Programme
Summary of Additional Terms:                Please     refer    to    the     provisions  regarding
                                            redemption/maturity, 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:                           R 5 000 000 000.00
Total Notes in Issue Under Programme:       ZAR1,780,028,238 excluding this Tranche of Notes to be
                                            issued on the Issue Date
Dealer:                                     FirstRand Bank Limited, acting through its Rand
                                            Merchant Bank division


Fourways
26 February 2025

Debt Sponsor

Questco Corporate Advisory

Date: 26-02-2025 10:45:00
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