FORTRESS REIT LIMITED - FIFC32 - Listing of New Financial Instrument

FIFC32 - 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: FIFC32
ISIN: ZAG000148511
(“Fortress” or “the Issuer”)

LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Fortress the listing of its FIFC32 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 24 November 2017.


Debt Security Code:                         FIFC32
ISIN:                                       ZAG000148511
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 200 000 000.00
Issue Date:                                 24 November 2017
Issue Price:                                100%
Coupon Rate:                                7.863% (3 Month JIBAR as at 21 November 2017 of 7.083% plus 78
                                            bps)
Interest Commencement Date:                 24 November 2017
Interest Determination Dates:               24 February 2018 and 24 May 2018 with the first interest
                                            determination date being 21 November 2017
First Interest Payment Date:                24 February 2018
Interest Payment Dates:                     24 February 2018 and 24 May 2018
Last Day to Register:                       By 17h00 on 13 February 2018 and 13 May 2018
Books Close:                                14 February 2018 and 14 May 2018
Business Day Convention:                    Following Business Day
Maturity Date:                              24 May 2018
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 9 229 500 000.00, exclusive of this issuance of notes
Dealer:                                     The Standard Bank of South Africa Limited, acting through its
                                            Corporate and Investment Banking division


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

23 November 2017

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

Date: 23/11/2017 01:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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