NED
NED NBKP
NED - Nedbank Group - Tier II Bond Issue
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")
TIER II BOND ISSUE
Nedbank Limited ("Nedbank"), a wholly-owned subsidiary of Nedbank Group, has
issued a 15-year (non-call 10) R2 billion listed subordinated unsecured
floating rate note. The coupon on the note is set at 3-month JIBAR plus 47
basis points. The bond was placed with the International Finance Corporation
and the African Development Bank in equal tranches of R1 billion each.
The bond was placed by Nedbank Capital as Sole Bookrunner.
Details of the bond issue are:
Bond Exchange code: NED9
Settlement date: 6 July 2007
Nominal: R2 billion
Maturity date: 6 July 2017
Coupon: Floating at 3-month JIBAR plus
47 bps until 6 July 2017,
thereafter floating at 3-month
JIBAR plus 220 bps until
maturity
Call date: 6 July 2017 or any
interest payment date
thereafter, at the nominal
amount, subject to prior written
approval by the Registrar of
Banks
Status: Subordinated, qualifying Tier II
capital issue
Law: South African
Denominations: R1 million
Lead Manager and Dealer: Nedbank Capital
For further information please contact:
Mike Brown (Chief Financial Officer),
tel: +27 (0)11 294 9999, email: mikeb@nedbank.co.za
Markus Borner (Nedbank Group Capital Management),
tel: +27 (0)11 295 8616, email: markusb@nedbank.co.za
Sandton
6 July 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 06/07/2007 15:54:01 Produced by the JSE SENS Department.
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