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Hyprop Investments to offer 800M South African rand of senior notes

Hyprop Investments Ltd. plans to offer 452.0 million South African rand of senior unsecured notes due 2023 and 348.0 million rand of senior notes due 2025 on the Johannesburg Stock Exchange.

The notes due March 2023 and March 2025 have coupons of the three-month Johannesburg Interbank Average Rate plus 160 basis points and 190 basis points, respectively.

As of March 27, 2018, US$1.00 was equivalent to 11.6483 South African rand.