NED - Nedbank Limited - Call of Tier II Subordinat
NED
NED
NED - Nedbank Limited - Call of Tier II Subordinated Unsecured Callable Notes
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group")
CALL OF TIER II SUBORDINATED UNSECURED CALLABLE NOTES
On 9 July 2002 Nedbank Group`s wholly owned banking subsidiary, Nedbank Limited
("Nedbank"), issued R4 billion subordinated unsecured callable notes ranking as
secondary capital ("NED2").
These notes are subject to the terms and conditions as set out in the placing
document dated 9 July 2002 (the "Placing Document").
In terms of the Placing Document the notes mature on 9 July 2012, but are
callable by Nedbank on 9 July 2007, subject to the prior written approval of the
Registrar of Banks.
Pursuant to conditions 4 and 12 of the terms and conditions of the NED2 notes
set out in the Placing Document and having obtained written approval from the
Registrar of Banks, Nedbank hereby gives notice that it will redeem the R4
billion NED2 notes on 9 July 2007 at face value together with any interest
accrued up to that date.
Sandton
7 June 2007
For further information, please contact:
Markus Borner (Nedbank Group Capital Management),
tel: 011 295 8616, email: markusb@nedbank.co.za.
Mike Brown (Chief Financial Officer),
tel: 011 294 9999, email: mikeb@nedbank.co.za.
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 07/06/2007 11:57:37 Produced by the JSE SENS Department.
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