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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 13-year (non-call 8) R1 billion listed subordinated
unsecured fixed rate note. The coupon on the note is set at 10,54% payable
semi-annually in arrears.
Details of the bond issue are:
Bond Exchange code: NED11
Settlement date: 17 September 2007
Nominal: R1 billion
Maturity date: 17 September 2020
Coupon: Fixed at 10,54% up to
17 September 2015, thereafter
floating at 3-month JIBAR plus
100bps over initial margin until
maturity
Call date: 17 September 2015 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
Manager and Dealer: Citigroup Global Markets (Proprietary)
Limited
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
17 September 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 17/09/2007 16:37:17 Produced by the JSE SENS Department.
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