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APF08 and APF09 - Listing of New Financial Instruments
Accelerate Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2005/015057/06)
Company code: APFE
(Approved as a REIT by the JSE)
Bond code: APF08 ISIN: ZAG000152752
Bond code: APF09 ISIN: ZAG000152760
(“Accelerate”)
LISTING OF NEW FINANCIAL INSTRUMENTS
Accelerate raised ZAR 600 000 000 in the debt capital market split between 3-year and 5-year
instruments. The issuance was oversubscribed with all bids within price guidance. The funds were
raised to refinance APF 03 with a nominal of ZAR 452 000 000 expiring on 7 August 2018 and to
raise funds for general corporate purposes.
The JSE Limited has granted Accelerate the listing of its Senior Secured Floating Rate Notes, in terms
of its Domestic Medium Term Note Programme (“the Programme”) dated 9 September 2014,
effective 24 July 2018.
Debt Security Code: APF08
ISIN: ZAG000152752
Type of Debt Security: Floating Rate Notes
Nominal Issued: ZAR 279 000 000.00
Issue Date: 24 July 2018
Issue Price: 100%
Coupon Rate: 3 Month JIBAR plus 185 basis points
Interest Commencement Date: 24 July 2018
Interest Determination Dates: 24 January, 24 April, 24 July and 24 October, with the
first interest determination date being 19 July 2018
First Interest Payment Date: 24 October 2018
Interest Payment Dates: 24 January, 24 April, 24 July and 24 October, of each
year until maturity
Last Day to Register: By 17h00 on 13 January, 13 April, 13 July and 13
October of each year until maturity
Books Close: 14 January, 14 April, 14 July and 14 October of each
year until maturity
Business Day Convention: Following Business Day
Maturity Date: 24 July 2021
Final Maturity Amount: 100% of the Nominal Amount
Other: The pricing supplement contains additional terms and
conditions
Summary of Additional Terms: See Appendix “A” for “Description of Security
Arrangements”, Appendix “B” for “Additional Terms
and Conditions” and Appendix “D” for “Documents
Incorporated by Reference”
Programme Amount: ZAR 5 000 000 000.00
Total Notes in Issue Under Programme: ZAR 1 637 000 000.00, exclusive of this issuance
of notes
Dealer: Rand Merchant Bank, a division of FirstRand Bank
Limited
Debt Security Code: APF09
ISIN: ZAG000152760
Type of Debt Security: Floating Rate Notes
Nominal Issued: ZAR 321 000 000.00
Issue Date: 24 July 2018
Issue Price: 100%
Coupon Rate: 3 Month JIBAR plus 208 basis points
Interest Commencement Date: 24 July 2018
Interest Determination Dates: 24 January, 24 April, 24 July and 24 October, with the
first interest determination date being 19 July 2018
First Interest Payment Date: 24 October 2018
Interest Payment Dates: 24 January, 24 April, 24 July and 24 October, of each
year until maturity
Last Day to Register: By 17h00 on 13 January, 13 April, 13 July and 13
October of each year until maturity
Books Close: 14 January, 14 April, 14 July and 14 October of each
year until maturity
Business Day Convention: Following Business Day
Maturity Date: 24 July 2023
Final Maturity Amount: 100% of the Nominal Amount
Other: The pricing supplement contains additional terms and
conditions
Summary of Additional Terms: See Appendix “A” for “Description of Security
Arrangements”, Appendix “B” for “Additional Terms
and Conditions” and Appendix “D” for “Documents
Incorporated by Reference”
Programme Amount: ZAR 5 000 000 000.00
Total Notes in Issue Under Programme: ZAR 1 637 000 000.00, exclusive of this issuance
of notes
Dealer: Rand Merchant Bank, a division of FirstRand Bank
Limited
The Notes will be immobilised in the Central Securities Depository and settlement will take place
electronically in terms of JSE Rules.
23 July 2018
Debt Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Think Precinct, 1 Merchant Place
Cnr Fredman Drive & Rivonia Road
Sandton 2196, South Africa
P O Box 786273, Sandton, 2146, South Africa
Date: 23/07/2018 01:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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