Johannesburg Stock Exchange Lists Vukile Property Fund Limited's Debt Securities

Strategic Insights -

The Johannesburg Stock Exchange has granted listings to two debt securities issued by Vukile Property Fund Limited: a tap issue on its VKE22 Senior Unsecured Floating Rate Note and a listing of its VKE29 Senior Unsecured Floating Rate Note. This brings the total notes in issue to R4,779,000,000.00, with a nominal amount of R214,000,000.00 and R286,000,000.00 for the VKE22 and VKE29 notes, respectively.

Key Takeaways:

  • Vukile Property Fund Limited has listed two debt securities: a tap issue on its VKE22 Senior Unsecured Floating Rate Note and a listing of its VKE29 Senior Unsecured Floating Rate Note.
  • The total notes in issue have increased to R4,779,000,000.00, with a nominal amount of R214,000,000.00 and R286,000,000.00 for the VKE22 and VKE29 notes, respectively.
  • The VKE22 note has a coupon of 3 Month JIBAR as at 27 August 2025 plus 144bps, while the VKE29 note has a fixed coupon rate of 8.36667%.
  • The interest payment dates for both notes are 27 February, 27 May, 27 August, and 27 November each year until the final redemption date.
  • The debt securities have a modified following business day convention for interest payment dates.

Statistics:

  • Total notes in issue: R4,779,000,000.00
  • Nominal amount for VKE22 note: R214,000,000.00
  • Nominal amount for VKE29 note: R286,000,000.00
  • Coupon rate for VKE22 note: 3 Month JIBAR as at 27 August 2025 plus 144bps
  • Coupon rate for VKE29 note: 8.36667% (3 Month JIBAR as at 22 August 2025 of 7.01667% plus 135bps)

Sources:

  • Johannesburg Stock Exchange company announcement dated 26 August 2025.