Accelerate Property Fund Limited Announces Partial Capital Reduction of Listed Debt Securities

Strategic Insights -

Accelerate Property Fund Limited has notified the Johannesburg Stock Exchange that it will be implementing a partial capital reduction of its listed debt securities, effective August 21, 2025. This move is a result of the company's disposal of an asset, in accordance with the terms and conditions of its ZAR5,000,000,000 Domestic Medium Term Note Programme. The reduction will affect the APF23 and APF24 notes, with a nominal amount reduction of ZAR4,637,032 and ZAR10,599,135 respectively.

Key Takeaways:

  • Accelerate Property Fund Limited will implement a partial capital reduction of its listed debt securities, effective August 21, 2025.
  • The reduction will affect the APF23 and APF24 notes, with a nominal amount reduction of ZAR4,637,032 and ZAR10,599,135 respectively.
  • The move is a result of the company's disposal of an asset, in accordance with the terms and conditions of its ZAR5,000,000,000 Domestic Medium Term Note Programme.
  • The APF23 note's nominal amount will decrease from ZAR170,163,751 to ZAR165,526,719, while the APF24 note's nominal amount will decrease from ZAR774,200,000 to ZAR763,600,865.
  • The pay date of the redemption amount will be August 21, 2025.
  • The partial reduction is in line with the terms and conditions of the Notes.

Statistics:

  • Nominal amount reduction of APF23 notes: ZAR4,637,032
  • Nominal amount reduction of APF24 notes: ZAR10,599,135
  • Remaining nominal amount of APF23 notes: ZAR165,526,719
  • Remaining nominal amount of APF24 notes: ZAR763,600,865
  • Total nominal amount reduction: ZAR15,236,167
  • Asset disposal date: Not specified in the source material

Sources:

  • Johannesburg Stock Exchange: Johannesbur.