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APF15 - Listing of New Financial Instrument

2021/02/23 10:00:00

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                    APF15 - Listing of New Financial Instrument

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: APF15
ISIN: ZAG000174269
(“Accelerate” or the “Issuer”)


LISTING OF NEW FINANCIAL INSTRUMENT

The JSE Limited has granted Accelerate the listing of its Senior Secured Floating Rate Notes, in terms
of the Accelerate Domestic Medium Term Note Programme dated 9 September 2014 (the
“Programme”), effective 24 February 2021.

Debt Security Code:                          APF15
ISIN:                                        ZAG000174269
Type of Debt Security:                       Floating Rate Notes
Nominal Issued:                              ZAR 75 000 000.00
Issue Date:                                  24 February 2021
Issue Price:                                 100%
Coupon Rate:                                 3 Month JIBAR plus 290 basis points
Interest Commencement Date:                  24 February 2021
Interest Rate Determination Date(s):         24 May, 24 August, 24 November and 24 February of
                                             each year until the Maturity Date, with the first Interest
                                             Rate Determination Date being 18 February 2021
First Interest Payment Date:                 24 May 2021
Interest Payment Date(s):                    24 May, 24 August, 24 November and 24 February of
                                             each year until the Maturity Date
Last Day to Register:                        By 17h00 on 13 May, 13 August, 13 November and 13
                                             February of each year until the Maturity Date
Books Close:                                 14 May, 14 August, 14 November and 14 February of
                                             each year until the Maturity Date
Business Day Convention:                     Following Business Day
Maturity Date:                               24 February 2023
Final Maturity Amount:                       100% of 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 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:                            ZAR 5 000 000 000.00
Total Notes in issue under the Programme     ZAR 1 756 000 000.00, exclusive of this issuance
as at the issue date:                        of notes
Dealer:                                      Rand Merchant Bank, a division of FirstRand Bank
                                             Limited



23 February 2021

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

Date: 23-02-2021 10:00:00
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