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Resilient REIT Limited Lists New Financial Instruments on JSE

Strategic Insights

— 2 min read

Resilient REIT Limited has announced the listing of two new financial instruments on the Johannesburg Stock Exchange (JSE). The company has been granted approval for the listings of senior unsecured floating rate notes under its Domestic Medium Term Note Programme. This move comes as part of Resilient's strategy to diversify its funding sources and improve its capital structure.

The two new financial instruments, RES79 and RES80, are floating rate notes with a total nominal value of R750 million. RES79 has a nominal value of R200 million, while RES80 has a nominal value of R550 million. Both instruments have a three-month Johannesburg Interbank Agreed Rate (JIBAR) plus a margin of 110 basis points (RES79) and 120 basis points (RES80). The issue date for both instruments is October 16, 2025, with an interest commencement date of the same day.

Key Takeaways:

  • Resilient REIT Limited has listed two new financial instruments, RES79 and RES80, on the Johannesburg Stock Exchange (JSE).
  • The instruments are senior unsecured floating rate notes under the company's Domestic Medium Term Note Programme.
  • RES79 has a nominal value of R200 million, while RES80 has a nominal value of R550 million.
  • The interest rate for RES79 is 3-Month JIBAR plus a margin of 110 basis points, while RES80 has a margin of 120 basis points.
  • The issue date for both instruments is October 16, 2025.
  • The first interest payment date for both instruments is January 16, 2026.
  • The maturity date for RES79 is October 16, 2028, while RES80 has a maturity date of October 16, 2030.
  • The notes will be dematerialised in the Central Securities Depository and settlement will take place electronically in terms of JSE rules.
  • The pricing supplements contain additional terms and conditions to that contained in the Programme.
  • The Debt Sponsor for the programme is Nedbank Corporate and Investment Banking, a division of Nedbank Limited.
  • The programme has an authorised size of R15 billion, with a total of R9.785 billion in issue, exclusive of these new issuances.

Statistics:

  • Nominal value of RES79: R200 million
  • Nominal value of RES80: R550 million
  • Total nominal value of both instruments: R750 million
  • Interest rate for RES79: 3-Month JIBAR plus 110 basis points
  • Interest rate for RES80: 3-Month JIBAR plus 120 basis points
  • Issue date: October 16, 2025
  • First interest payment date: January 16, 2026
  • Maturity date for RES79: October 16, 2028
  • Maturity date for RES80: October 16, 2030

Sources:

  • Resilient REIT Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/016851/06) LEI: 378900F37FF47D486C58
  • Johannesburg Stock Exchange (JSE)
  • Nedbank Limited (authorised programme size: R15 000 000 000.00, total notes in issue under programme: R9 785 000 000.00, exclusive of these issuances)

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