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NED
NED
NED - Nedbank Group Limited - Nedbank 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
privately placed a 10-year (non-call 5) R500 million listed subordinated
unsecured floating rate note. The coupon on the note is set at 3-month JIBAR
plus 45 basis points.
Details of the bond issue are:
Bond Exchange code: NED10
Settlement date: 15 August 2007
Nominal: R500 million
Maturity date: 15 August 2012
Coupon: Floating at 3-month JIBAR plus
45 bps until 15 August 2012,
thereafter floating at 3-month
JIBAR plus 145 bps until
maturity
Call date: 15 August 2012 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
15 August 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 15/08/2007 14:00:01 Produced by the JSE SENS Department.
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