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IPF
IPF
IPF - Investec Property Fund Limited - Establishment of a domestic medium
term note Programme and an initial issue of R450 million of secured notes
under this Programme
INVESTEC PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
Share code: IPF ISIN: ZAE000155099
("Investec Property Fund" or "the Fund")
ESTABLISHMENT OF A DOMESTIC MEDIUM TERM NOTE PROGRAMME AND AN INITIAL ISSUE
OF R450 MILLION OF SECURED NOTES UNDER THIS PROGRAMME
Linked unit holders are hereby advised that the Investec Property Fund, a
company primarily involved in property investment, has established a R1
billion domestic medium term note programme ("Programme") in terms of which
the Fund can issue secured or unsecured notes subject to the terms and
conditions established under the Programme. The Programme has been approved
by the JSE Limited.
Following the establishment of the Programme the Fund has successfully issued
an initial tranche of R450 million of secured listed notes, which proceeds
will be used to settle the purchase consideration for the acquisitions
announced by the Fund
In terms of the initial issue of notes which are secured by 5 properties of
the Fund, the subscription was 2.8 times oversubscribed allowing the Fund to
issue the following notes which were competitively priced as follows:
Amount Tenor Type Redemption Margin Fixed
(R`million) (years) date above (nacs)
3
month
Jibar
IPF01 134.0 3 Floating 13 April 1.40%
2015
IPF02 40.0 4 Floating 13 April 1.55%
2016
IPF03 50.0 5 Floating 13 April 1.65%
2017
IPF06 226.0 5 Fixed 13 April 8.80%
2017
Total 450.0
Johannesburg
13 April 2012
Investment Bank and Sponsor Debt Arranger
Investec Corporate Finance Investec Capital Markets
Attorneys
Werksmans Inc
Date: 13/04/2012 15:06:02 Produced by the JSE SENS Department.
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