FORTRESS REIT LIMITED - FIFB15 - Listing of New Financial Instrument

FIFB15 - Listing of New Financial Instrument

Fortress REIT Limited
(previously Fortress Income Fund 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: FIFB15
ISIN: ZAG000148404
(“Fortress” or “the Issuer”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Fortress the listing of its FIFB15 Senior Unsecured Floating Rate Notes, in terms of
its Domestic Medium Term Note Programme (“the Programme”) dated 7 June 2012, as guaranteed by Capital
Propfund Proprietary Limited, Fortress Income 2 Proprietary Limited and Fortress Income 3 Proprietary
Limited, effective 20 November 2017.

Debt Security Code:                         FIFB15
ISIN:                                       ZAG000148404
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 500 000 000.00
Issue Date:                                 20 November 2017
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 170 basis points
Interest Commencement Date:                 20 November 2017
Interest Determination Dates:               20 February, 20 May, 20 August and 20 November, of each year
                                            until maturity with the first interest determination date being 20
                                            November 2017
First Interest Payment Date:                20 February 2018
Interest Payment Dates:                     20 February, 20 May, 20 August and 20 November of each year
                                            until maturity
Last Day to Register:                       By 17h00 on 9 February, 9 May, 9 August and 9 November of each
                                            year until maturity
Books Close:                                10 February, 10 May, 10 August and 10 November of each year
                                            until maturity
Business Day Convention:                    Following Business Day
Maturity Date:                              20 November 2022
Final Maturity Amount:                      100% of Nominal Amount
Other:                                      The pricing supplement contains additional terms and conditions
Summary of Additional Terms:                The pricing supplement contains an appendix “Schedule 1” which
                                            sets out the procedure in terms of a redemption in the event of a
                                            breach of financial covenants

Programme Amount:                           ZAR 20 000 000 000.00
Total Notes in Issue Under Programme:       ZAR 8 850 500 000.00, exclusive of this issuance of notes
Dealer:                                     ABSA Corporate and Investment Bank, a division of ABSA Bank
                                            Limited

The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.

17 November 2017

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/11/2017 03:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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