NED - Nedbank Group - Nedbank raises R2 billion in home loan securitisation
NED
NED
NED - Nedbank Group - Nedbank raises R2 billion in home loan securitisation
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 RAISES R2 BILLION IN HOME LOAN SECURITISATION
Nedbank has completed a R2 billion securitisation of the Nedbank Retail home
loan portfolio through GreenHouse Funding.
This follows Nedbank`s successful R2 billion debut securitisation of
subsidiary Imperial Bank`s motor vehicle finance book in June this year.
Five-year notes totalling R1,87 billion were sold to nine investors at spreads
ranging from 25 bps to 110 bps above Jibar. The placement was managed by the
debt capital markets team within Nedbank Capital.
The securitisation notes will be listed on the Bond Exchange of South Africa
(BESA) on 10 December.
Sandton
3 December 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 03/12/2007 14:59:01 Produced by the JSE SENS Department.
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