FORTRESS REIT LIMITED - FIFC33 - Listing of New Financial Instrument

FIFC33 - 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: FIFC33
ISIN: ZAG000160052
(“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 5 June 2019.


Debt Security Code:                         FIFC33
ISIN:                                       ZAG000160052
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR 250 000 000.00
Issue Date:                                 5 June 2019
Issue Price:                                100%
Coupon Rate:                                3 Month JIBAR plus 125 basis points
Interest Commencement Date:                 5 June 2019
Interest Determination Date(s):             3 September 2019, 3 December 2019 and 3 March 2020, with the
                                            first interest determination date being 29 May 2019
First Interest Payment Date:                3 September 2019
Interest Payment Date(s):                   3 September 2019, 3 December 2019, 3 March 2020 and 3 June
                                            2020
Last Day to Register:                       By 17h00 on 23 August 2019, 22 November 2019, 21 February
                                            2020 and 23 May 2020
Books Close:                                24 August 2019, 23 November 2019, 22 February 2020 and 24 May
                                            2020
Business Day Convention:                    Following Business Day
Maturity Date:                              3 June 2020
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 10 565 125 000.00, 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.

4 June 2019

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

Date: 04/06/2019 05:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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