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FIFB27 FIFB28 - Listing of New Financial Instruments
Fortress Real Estate Investments Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2009/016487/06)
LEI: 378900FE98E30F24D975
Company code: FORI
Bond Code: FIFB27 ISIN: ZAG000204520
Bond Code: FIFB28 ISIN: ZAG000204538
("Fortress")
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted Fortress the listings of its 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 22 April 2024.
Type of Debt Securities: Floating Rate Notes
Debt Security Code: FIFB27
ISIN: ZAG000204520
Nominal Issued: R 409 000 000.00
Coupon Rate: 3 Month JIBAR plus 140 basis points
Maturity Date: 22 April 2027
Debt Security Code: FIFB28
ISIN: ZAG000204538
Nominal Issued: ZAR 491 000 000.00
Coupon Rate: 3 Month JIBAR plus 158 basis points
Maturity Date: 22 April 2029
Issue Date: 22 April 2024
Issue Price: 100%
Interest Commencement Date: 22 April 2024
First Interest Payment Date: 22 July 2024
Interest Determination Date(s): 22 July, 22 October, 22 January and 22 April (or the first Business
Day of each Interest Period) in each year until the Maturity Date,
with the first Interest Rate Determination Date being 17 April 2024
Interest Payment Date(s): 22 July, 22 October, 22 January and 22 April in each year until the
Maturity Date
Last Day to Register: By 17h00 on 11 July, 11 October, 11 January and 11 April in each
year until the Maturity Date, or if any early redemption occurs, 11
Days prior to the actual Redemption Date, or if such day is not a
Business Day, the Business Day before each Books Closed Period
Books Close: The Register will be closed from 12 July to 21 July, 12 October to
21 October, 12 January to 21 January and 12 April to 21 April (all
dates inclusive) in each year until the Maturity Date, or if any early
redemption occurs, 10 Days prior to the actual Redemption Date
Business Day Convention: Following Business Day
Final Maturity Amount: 100% of the Aggregate Nominal Amount
Other: The pricing supplements contain additional terms and conditions
to the terms and conditions as contained in the Programme
Summary of Additional Terms: Please refer to the Redemption in the event of a breach of Loan to
Value Financial Covenant provisions as per line item 55 and
Appendix 1 of the pricing supplements
Programme Amount: ZAR 20 000 000 000.00
Total Notes in Issue Under Programme: ZAR 9 800 000 000.00, exclusive of this issuance of notes and as at
the signature date of the FIFB27 and FIFB28 pricing supplements
Dealer: The Standard Bank of South Africa Limited, acting through its
Corporate and Investment Banking division
19 April 2024
Debt sponsor
Rand Merchant Bank (a division of FirstRand Bank Limited)
Date: 19-04-2024 02:35:00
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