Specialist logistics property fund Equites Property Fund raised more than R1.25-billion in the South African debt capital market in a public auction of one-year, three-year and five-year senior unsecured floating rate notes on November 10. Equites, which develops and owns a high-quality portfolio of logistics properties in key locations in South Africa and the UK, elected to issue R385-million in the one-year note at a clearing rate of three-month Johannesburg Interbank Average Rate (JIBAR) plus 108 basis points; R447-million in the three-year note at a clearing spread of three-month JIBAR plus 146 basis points; and R418-million in the five-year note at a clearing spread of three-month JIBAR plus 159 basis points.