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ACCELERATE PROPERTY FUND LIMITED - Listing of a new financial instrument

Release Date: 20/03/2025 08:41
Code(s): APF22     PDF:  
Wrap Text
Listing of a new financial instrument

ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(Approved as a REIT by the JSE)
Bond code: APF22          ISIN: ZAG000213869


LISTING OF A NEW FINANCIAL INSTRUMENT


The JSE Limited has granted Accelerate the listing of its Senior Secured Floating Rate Notes, in terms
of its Domestic Medium Term Note Programme dated 9 September 2014, effective 27 February 2025.

Debt Security Code:                         APF22
ISIN:                                       ZAG000213869
Type of Debt Security:                      Floating Rate Notes
Nominal Issued:                             ZAR170,163,751
Issue Price:                                100%
Issue Date:                                 24 March 2025
Coupon Rate:                                3 Month JIBAR plus 350 basis points
Interest Commencement Date:                 24 March 2025
Interest Rate Determination Date(s):        18 March 2025
First Interest Payment Date:                31 March 2025
Interest Payment Date(s):                   31 March 2025
Last Day to Register:                       By 17h00 on 26 March 2025 until the Maturity Date, or if
                                            any early redemption occurs, 5 days prior to the actual
                                            Redemption Date
Books Close:                                The Register will be closed from 27 March 2025 until the
                                            Maturity Date, or if any early redemption occurs, 4 days
                                            prior to the actual Redemption Date
Business Day Convention:                    Following Business Day
Maturity Date:                              31 March 2025
Final Maturity Amount:                      100 percent of Nominal Amount
Other:                                      The pricing supplement does not contain additional
                                            terms and conditions or changes to the terms and
                                            conditions as contained in the Programme
Summary of Additional Terms:                Please     refer     to   the     provisions  regarding
                                            redemption/maturity, the description of the security
                                            arrangements under Appendix A, the additional terms
                                            and conditions under Appendix B, which includes the
                                            Guarantee, Financial Covenants and the Negative
                                            Undertakings, the debt Guarantee under Appendix C, the
                                            Additional Documents Incorporated by Reference under
                                            Appendix D and the description of the Guarantors and
                                            the Trustee under Appendix E of the pricing supplement
Programme Amount:                           R 5 000 000 000.00
Total Notes in Issue Under Programme:       ZAR1,735,634,572 excluding this Tranche of Notes to be
                                            issued on the Issue Date
Dealer:                                     FirstRand Bank Limited, acting through its Rand
                                            Merchant Bank division
     
Fourways
20 March 2025

Debt Sponsor
Questco Corporate Advisory

Date: 20-03-2025 08:41:00
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