Emira Property Fund Limited Receives Approval for Additional Listing on Johannesburg Stock Exchange

Emira Property Fund Limited, a real estate investment trust (REIT) listed on the Johannesburg Stock Exchange (JSE), has received approval for an additional listing of its Senior Unsecured Floating Rate Notes under its Domestic Medium Term Note Programme. This move is aimed at raising capital and enhancing the company's financial flexibility. The notes, which will be issued on September 12, 2025, will carry a coupon rate of 3 Month JIBAR plus 155 basis points, with interest payments made quarterly.

Key Takeaways:

• Emira Property Fund Limited has received approval for an additional listing of its Senior Unsecured Floating Rate Notes on the JSE.
• The notes will be issued under the Domestic Medium Term Note Programme, which was approved by the JSE on May 20, 2022.
• The aggregate nominal issued amount for this tranche of notes is R 90,000,000, with an issue price of 101.93333%.
• Interest payments will be made quarterly on the 30th of March, June, September, and December of each year.
• The maturity date for the notes is June 30, 2028.
• The pricing supplement contains additional terms on the Benchmark Discontinuation under Schedule 1.
• FirstRand Bank Limited, acting through its Rand Merchant Bank division, has been appointed as the dealer for this issue.
• Questco Corporate Advisory has been appointed as the debt sponsor.

Statistics:

• Aggregate nominal issued amount for this tranche of notes: R 90,000,000
• Issue price: 101.93333%
• Coupon rate: 3 Month JIBAR plus 155 basis points
• Interest payment dates: 30th of March, June, September, and December of each year
• Maturity date: June 30, 2028
• Total notes in issue under programme: ZAR 3,249,000,000 excluding this tranche of notes

Sources:

• Johannesburg Stock Exchange
• Emira Property Fund Limited
• FirstRand Bank Limited
• Questco Corporate Advisory