Wrap Text
FIFB23 FIFB24 FIFB25 - Listing of New Financial Instruments
Fortress Real Estate Investments Limited
(Formerly Fortress REIT Limited)
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
LEI: 378900FE98E30F24D975
Company code: FORI
Bond Code: FIFB23 ISIN: ZAG000198664
Bond Code: FIFB24 ISIN: ZAG000198680
Bond Code: FIFB25 ISIN: ZAG000198706
(“Fortress”)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted Fortress the listings 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 29 August 2023.
Type of Debt Securities: Floating Rate Notes
Debt Security Code: FIFB23
ISIN: ZAG000198664
Nominal Issued: ZAR 300 000 000.00
Coupon Rate: 3 Month JIBAR plus 125 basis points
Maturity Date: 29 August 2024
Interest Determination Date(s): 29 November 2023, 28 February 2024 and 29 May 2024 (or the
first Business Day of each Interest Period), with the first Interest
Rate Determination Date being 24 August 2023
Interest Payment Date(s): 29 November 2023, 28 February 2024, 29 May 2024 and 29 August
2024
Last Day to Register: By 17h00 on 18 November 2023, 17 February 2024, 18 May 2024
and 18 August 2024
Books Close: 19 November 2023, 18 February 2024, 19 May 2024 and 19 August
2024
Debt Security Code: FIFB24
ISIN: ZAG000198680
Nominal Issued: ZAR 500 000 000.00
Coupon Rate: 3 Month JIBAR plus 157 basis points
Maturity Date: 29 August 2026
Interest Determination Date(s): 29 November, 28 February, 29 May and 29 August (or the first
Business Day of each Interest Period) in each year until the
Maturity Date, with the first Interest Rate Determination Date
being 24 August 2023
Interest Payment Date(s): 29 November, 28 February, 29 May and 29 August in each year
until the Maturity Date
Last Day to Register: By 17h00 on 18 November, 17 February, 18 May and 18 August in
each year until the Maturity Date
Books Close: 19 November, 18 February, 19 May and 19 August in each year
until the Maturity Date
Debt Security Code: FIFB25
ISIN: ZAG000198706
Nominal Issued: ZAR 600 000 000.00
Coupon Rate: 3 Month JIBAR plus 180 basis points
Maturity Date: 29 August 2028
Interest Determination Date(s): 29 November, 28 February, 29 May and 29 August (or the first
Business Day of each Interest Period) in each year until the
Maturity Date, with the first Interest Rate Determination Date
being 24 August 2023
Interest Payment Date(s): 29 November, 28 February, 29 May and 29 August in each year
until the Maturity Date
Last Day to Register: By 17h00 on 18 November, 17 February, 18 May and 18 August in
each year until the Maturity Date
Books Close: 19 November, 18 February, 19 May and 19 August in each year
until the Maturity Date
Issue Date: 29 August 2023
Issue Price: 100%
Interest Commencement Date: 29 August 2023
First Interest Payment Date: 29 November 2023
Business Day Convention: Following Business Day
Final Maturity Amount: 100% of the Aggregate Nominal Amount
Other: The pricing supplements contain additional terms and conditions
to the terms and conditions as contained in the Programme
Summary of Additional Terms: Please refer to the Redemption in the event of a breach of Loan to
Value Financial Covenant provisions as per line item 55 and
Appendix 1 of the pricing supplements
Programme Amount: ZAR 20 000 000 000.00
Total Notes in Issue Under Programme: ZAR 8 710 000 000.00, exclusive of this issuance of notes and as at
the signature date of the FIFB23, FIFB24 and FIFB25 pricing
supplements
Dealer: The Standard Bank of South Africa Limited, acting through its
Corporate and Investment Banking division
28 August 2023
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28-08-2023 04:49:00
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