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Vukile Property Fund redeems notes from 5B-rand program

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Vukile Property Fund redeems notes from 5B-rand program

South African real estate investment trust Vukile Property Fund Ltd. redeemed in full the 140.0 million rand worth of 7.6% domestic medium-term notes under a 5.00 billion-rand program from 2012.

The interest payment of approximately 2.7 million rand on the 7.6% bonds is due Aug. 20, together with another interest payout of about 2.0 million rand on a series of 8% bonds.

As of Aug. 13, US$1 was equivalent to 14.33 rand.