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FORI - FIFG03, FIFG04 and FIFG05 - 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”)
Bond code: FIFG03 ISIN: ZAG000183815
Bond code: FIFG04 ISIN: ZAG000183807
Bond code: FIFG05 ISIN: ZAG000183799
FIFG03, FIFG04 and FIFG05 - LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted Fortress the listing of its sustainability-linked FIFG03, FIFG04 and FIFG05
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 22 February 2022.
Bond code: FIFG03
ISIN: ZAG000183815
Type of debt security: Floating Rate Notes
Nominal issued: ZAR 450 000 000.00
Coupon rate: 3-month JIBAR plus 180 basis points, subject to
paragraph 2 of Appendix 1 of the pricing supplement
Maturity date: 22 February 2025
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
FIFG03 notes – ESG under Appendix 1 and additional
terms and conditions relating to the FIFG03 notes –
redemption in the event of a breach of a financial
covenant and 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: FIFG04
ISIN: ZAG000183807
Type of debt security: Floating Rate Notes
Nominal issued: ZAR 500 000 000.00
Coupon rate: 3-month JIBAR plus 220 basis points, subject to
paragraph 2 of Appendix 1 and paragraph 1.4 of
Appendix 3 of the pricing supplement
Maturity date: 22 February 2027
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
FIFG04 notes – ESG under Appendix 1, additional terms
and conditions relating to the FIFG04 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 FIFG04 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
Bond code: FIFG05
ISIN: ZAG000183799
Type of debt security: Floating Rate Notes
Nominal issued: ZAR 350 000 000.00
Coupon rate: 3-month JIBAR plus 230 basis points, subject to
paragraph 2 of Appendix 1 and paragraph 1.4 of
Appendix 3 of the pricing supplement
Maturity date: 22 August 2027
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
FIFG05 notes – ESG under Appendix 1, additional terms
and conditions relating to the FIFG05 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 FIFG05 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 FIFG03, FIFG04 and FIFG05, the following salient details are relevant:
Issue date: 22 February 2022
Issue price: 100%
Interest commencement date: 22 February 2022
Interest determination date(s): 22 February, 22 May, 22 August and 22 November (or the
first Business Day of each Interest Period) in each year
until the Maturity Date, with the first Interest Rate
Determination Date being 17 February 2022
First interest payment date: 22 May 2022
Interest payment date(s): 22 February, 22 May, 22 August and 22 November in
each year until the Maturity Date
Last day to register: By 17h00 on 11 February, 11 May, 11 August and 11
November in each year until the Maturity Date
Books close: 12 February, 12 May, 12 August and 12 November in
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 11 277 000 000, exclusive of the issuance of the
FIFG03, FIFG04 and FIFG05 notes
Dealer: The Standard Bank of South Africa Limited, acting
through its Corporate and Investment Banking division
21 February 2022
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 21-02-2022 05:04:00
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