Enhanced Investments - Financial Portal

New financial instrument listings: RDFG07, RDFG08, RDFG09 and partial capital redemptions: RDFB17 and RDFB20

Published: 2023-08-23 11:15:27 ET

REDEFINE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration no: 1999/018591/06)
Company code: BIRDF
LEI: 37890061EC026A7DA532
ISIN: ZAG000198441
(Approved as a REIT by the JSE)


NEW FINANCIAL INSTRUMENT LISTINGS: RDFG07, RDFG08, RDFG09 AND PARTIAL CAPITAL
REDEMPTIONS: RDFB17 AND RDFB20


The JSE Limited has granted Redefine a listing of Senior Unsecured Floating Rate Notes (to be issued as
green bonds), in terms of its Domestic Medium-Term Note Programme dated 20 July 2021, as detailed below.
 Authorised programme size:                  ZAR30 000 000 000.00
 Total notes in issue (before this issue):   ZAR18 619 000 000.00
 Nominal issued:                             ZAR247 000 000.00
 Total notes in issue (after this issue):    ZAR18 866 000 000.00
 Bond code:                                  RDFG07
 Issue price:                                100%
 Coupon:                                     9.832% (3 Month JIBAR as at 21 August 2023 of 8.392% plus
                                             144 bps)
 Coupon Rate Indicator:                      Floating
 Issue date:                                 24 August 2023
 Maturity date:                              24 August 2026
 Interest commencement date:                 24 August 2023
 Last day to register:                       By 17h00 on 18 February, 18 May, 18 August, 18 November
                                             until the Maturity Date (or if such day is not a Business Day, by
                                             close of business on the Business Day immediately preceding
                                             the first day of a Books Closed Period)
 Books closed period:                        The Register will be closed from 19 to 23 February; 19 to
                                             23 May;
                                             19 to 23 August; and 19 to 23 November (all dates inclusive) in
                                             each year until the Maturity Date
 Interest payment dates:                     24 February, 24 May, 24 August, 24 November until the
                                             Maturity Date or, if such day is not a Business Day, the
                                             Business Day on which the interest will be paid, as determined
                                             in accordance with the applicable Business Day Convention,
                                             (as specified in the Applicable Pricing Supplement) with the
                                             first Interest Payment Date being 24 November 2023 (each
                                             Interest Payment Date as adjusted in accordance with the
                                             Applicable Business Day Convention as specified in the
                                             Applicable Pricing Supplement).
 First interest payment date:                24 November 2023
 ISIN:                                       ZAG000198441
 Business day convention:                    Following business day*
 Additional terms and conditions:            Please refer to the additional terms and conditions as per
                                             annexure A to the pricing supplement.

 Authorised programme size:                  ZAR30 000 000 000.00
 Total notes in issue (before this issue):   ZAR18 866 000 000.00
 Nominal issued:                             ZAR332 000 000.00
 Total notes in issue (after this issue):    ZAR19 198 000 000.00
 Bond code:                                  RDFG08
 Issue price:                                100%
 Coupon:                                     9.992% (3 Month JIBAR as at 21 August 2023 of 8.392% plus
                                             160 bps)
 Coupon Rate Indicator:                      Floating
 Issue date:                                 24 August 2023
 Maturity date:                              24 August 2028
Interest commencement date:                 24 August 2023
Last day to register:                       By 17h00 on 18 February, 18 May, 18 August, 18 November
                                            until the Maturity Date (or if such day is not a Business Day, by
                                            close of business on the Business Day immediately preceding
                                            the first day of a Books Closed Period)
Books closed period:                        The Register will be closed from 19 to 23 February; 19 to
                                            23 May;
                                            19 to 23 August; and 19 to 23 November (all dates inclusive) in
                                            each year until the Maturity Date
Interest payment dates:                     24 February, 24 May, 24 August, 24 November until the
                                            Maturity Date or, if such day is not a Business Day, the
                                            Business Day on which the interest will be paid, as determined
                                            in accordance with the applicable Business Day Convention,
                                            (as specified in this Applicable Pricing Supplement) with the
                                            first Interest Payment Date being 24 November 2023 (each
                                            Interest Payment Date as adjusted in accordance with the
                                            Applicable Business Day Convention as specified in this
                                            Applicable Pricing Supplement).
First interest payment date:                24 November 2023
ISIN:                                       ZAG000198433
Business day convention:                    Following business day*
Additional terms and conditions:            Please refer to the additional terms and conditions as per
                                            annexure A to the pricing supplement.

Authorised programme size:                  ZAR30 000 000 000.00
Total notes in issue (before this issue):   ZAR19 198 000 000.00
Nominal issued:                             ZAR425 000 000.00
Total notes in issue (after this issue):    ZAR19 623 000 000.00
Bond code:                                  RDFG09
Issue price:                                100%
Coupon:                                     10.092% (3 Month JIBAR as at 21 August 2023 of 8.392%
                                            plus 170 bps)
Coupon Rate Indicator:                      Floating
Issue date:                                 24 August 2023
Maturity date:                              24 August 2030
Interest commencement date:                 24 August 2023
Last day to register:                       By 17h00 on 18 February, 18 May, 18 August, 18 November
                                            until the Maturity Date (or if such day is not a Business Day, by
                                            close of business on the Business Day immediately preceding
                                            the first day of a Books Closed Period)
Books closed period:                        The Register will be closed from 19 to 23 February; 19 to
                                            23 May; 19 to 23 August; and 19 to 23 November
                                            (all dates inclusive) in each year until the Maturity Date
Interest payment dates:                     24 February, 24 May, 24 August, 24 November until the
                                            Maturity Date or, if such day is not a Business Day, the
                                            Business Day on which the interest will be paid, as determined
                                            in accordance with the applicable Business Day Convention,
                                            (as specified in the Applicable Pricing Supplement) with the
                                            first Interest Payment Date being 24 November 2023 (each
                                            Interest Payment Date as adjusted in accordance with the
                                            Applicable Business Day Convention as specified in the
                                            Applicable Pricing Supplement).
First interest payment date:                24 November 2023
ISIN:                                       ZAG000198425
Business day convention:                    Following business day*
Additional terms and conditions:            Please refer to the additional terms and conditions as per
                                            annexure A to the pricing supplement.
Noteholders are further advised of the following information in respect of partial capital redemptions:

 Bond code:                                       RDFB17
 ISIN:                                            ZAG000156936
 Capital redemption amount:                       ZAR91 000 000.00
 Amount outstanding after capital redemption:     ZAR374 000 000.00
 Effective date:                                  24 August 2023

 Bond code:                                       RDFB20
 ISIN:                                            ZAG000157975
 Capital redemption amount:                       ZAR23 000 000.00
 Amount outstanding after capital redemption:     ZAR208 000 000.00
 Effective date:                                  24 August 2023

Total notes in issue after the partial capital redemptions: ZAR19 509 000 000.00

* When the interest payment date falls on a non-business day, such interest payment will be paid on the
  first business day after the weekend or public holiday.

23 August 2023


Debt sponsor

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.