FORTRESS REIT LIMITED - FIFB18 - Listing of New Financial Instrument

FIFB18 - Listing of New Financial Instrument

Fortress REIT Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
Company code: FORI
(Approved as a REIT by the JSE)
Bond Code: FIFB18
ISIN: ZAG000163858
(“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 29 October 2019.


Debt Security Code:                         FIFB18
ISIN:                                       ZAG000163858
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 200 000 000.00
Issue Date:                                 29 October 2019
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 185 basis points
Interest Commencement Date:                 29 October 2019
Interest Determination Date(s):             29 January, 29 April, 29 July and 29 October of each year until the
                                            Maturity Date, with the first interest determination date being 24
                                            October 2019
First Interest Payment Date:                29 January 2020
Interest Payment Date(s):                   29 January, 29 April, 29 July and 29 October of each year until the
                                            Maturity Date
Last Day to Register:                       By 17h00 on 18 January, 18 April, 18 July and 18 October of each
                                            year until the Maturity Date
Books Close:                                19 January, 19 April, 19 July and 19 October of each year until the
                                            Maturity Date
Business Day Convention:                    Following Business Day
Maturity Date:                              29 October 2024
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 10 976 750 000.00, exclusive of this issuance of notes
Dealer:                                     The Standard Bank of South Africa Limited



28 October 2019
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 28/10/2019 12:15:00
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