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NED
NED
Nedbank Group - Nedbank Tier II bond issues
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 ISSUES
Nedbank Limited ("Nedbank"), a wholly-owned subsidiary of Nedbank Group, has
privately placed two Bond Exchange of South Africa ("BESA") listed subordinated
unsecured notes - a 10-year (non-call 5) R500 million floating rate note and a
10-year (non-call 5) R120 million fixed rate note.
Details of the bond issues are:
BESA code: NED12A
Settlement date: 14 December 2007
Nominal: R500 million
Maturity date: 14 December 2017
Coupon: Floating at 3-month JIBAR plus
70 bps until 14 December 2012,
thereafter floating at 3-month
JIBAR plus 170 bps until
maturity
Call date: 14 December 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
BESA code: NED12B
Settlement date: 14 December 2007
Nominal: R120 million
Maturity date: 14 December 2017
Coupon: Fixed at 10,38% until 14
December 2012, thereafter
floating 3-month JIBAR plus
initial margin over mid swaps
plus 100 bps until maturity
Call date: 14 December 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:
Trevor Smith (Nedbank Group Capital Management),
tel: +27 (0)11 295 5293
Don Bowden (Tier 1 Investor Relations)
tel: +27 (0)21 702 3102, email: don@tier1ir.co.za
Sandton
14 December 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 14/12/2007 11:49:19 Produced by the JSE SENS Department.
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