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FIFG01 FIFG02 - Listing of New Financial Instruments
Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration no. 2009/016487/06)
Company code: FORI
LEI: 378900FE98E30F24D975
(Approved as a REIT by the JSE)
(“Fortress” or the “Issuer”)
Bond code: FIFG01 ISIN: ZAG000178492
Bond code: FIFG02 ISIN: ZAG000178500
FIFG01 FIFG02 - LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted Fortress the listing of its sustainability-linked FIFG01 and FIFG02 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 5 August 2021
Bond code: FIFG01
ISIN: ZAG000178492
Type of debt security: Floating Rate Notes
Nominal issued: ZAR 495 000 000.00
Coupon rate: 3-month JIBAR plus 200 basis points, subject to paragraph 2 of
Appendix 1 of the pricing supplement
Maturity date: 5 August 2024
Other: The pricing supplement contains additional terms and conditions
to the terms and conditions as contained in the Programme
Summary of additional terms: The additional terms and conditions relating to the FIFG01 notes –
ESG under Appendix 1 and additional terms and conditions relating
to the FIFG01 notes – redemption in the event of a breach of a
financial covenant are contained under Appendix 2 of the pricing
supplement and relates to specific targets for the installation of
additional solar photovoltaic systems at specific dates
Bond code: FIFG02
ISIN: ZAG000178500
Type of debt security: Floating Rate Notes
Nominal issued: ZAR 405 000 000.00
Coupon rate: 3-month JIBAR plus 240 basis points, subject to paragraph 2 of
Appendix 1 and paragraph 1.4 of Appendix 3 of the pricing
supplement
Maturity date: 5 August 2026
Other: The pricing supplement contains additional terms and conditions
to the terms and conditions as contained in the Programme
Summary of additional terms: The additional terms and conditions relating to the FIFG02 notes –
ESG under Appendix 1, additional terms and conditions relating to
the FIFG02 notes – redemption in the event of a breach of loan to
value financial covenant under Appendix 2 and additional terms
and conditions relating to the FIFG02 notes – step-up margin in the
event of a breach of asset cover financial covenant are contained
under Appendix 3 of the pricing supplement and relates to specific
targets for the installation of additional solar photovoltaic systems
at specific dates
For both FIFG01 and FIFG02, the following salient details are relevant:
Issue date: 5 August 2021
Issue price: 100%
Interest commencement date: 5 August 2021
Interest determination date(s): 5 February, 5 May, 5 August and 5 November of each year until the
Maturity Date, with the first interest determination date being
29 July 2021
First interest payment date: 5 November 2021
Interest payment date(s): 5 February, 5 May, 5 August and 5 November of each year until the
Maturity Date
Last day to register: By 17h00 on 25 January, 24 April, 25 July and 25 October of each
year until the Maturity Date
Books close: 26 January, 25 April, 26 July and 26 October of each year until the
Maturity Date
Business day convention: Following Business Day
Final maturity amount: 100% of the Aggregate Nominal Amount
Programme amount: ZAR 20 000 000 000.00
Total notes in issue under programme: ZAR 10 378 600 000, exclusive of the issuances of the FIFG01 and
FIFG02 notes
Dealer: The Standard Bank of South Africa Limited, acting through its
Corporate and Investment Banking division
4 August 2021
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04-08-2021 02:23:00
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