Vukile Property Fund Ltd. issued 140 million South African rand worth of senior unsecured floating-rate notes due Sept. 29.

The notes, which carry a coupon rate of 8.083%, were issued as part of a 5 billion-rand domestic medium-term note program.

The Johannesburg Stock Exchange Ltd. approved the company's listing of the notes.

As of March 29, US$1 was equivalent to 12.94 South African rand.