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NED
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NED - Nedbank Group - Nedbank Tier 1 Bond Issues
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
("Nedbank Group")
FIRST TIER I BOND ISSUES IN SOUTH AFRICA
Nedbank Limited ("Nedbank"), a wholly-owned subsidiary of Nedbank Group, has
privately placed the inaugural Hybrid Tier 1 Bank Capital Issue into the South
African market. The R 900 million issue consisted of two Bond Exchange of South
Africa ("BESA") listed Hybrid Tier 1 unsecured notes - a perpetual (non-call 10
year) R460 million fixed rate note and a perpetual (non-call 10 year) R440
million floating rate note.
Details of the bond issues are:
BESA code: NEDH1A
Settlement date: 20 May 2008
Nominal: R460 million
Maturity date: Perpetual
Coupon: Fixed at 15,05% until 20
November 2018, thereafter
floating at 3-month JIBAR plus
712.5bps in perpetuity unless
called
Call date: 20 November 2018 or any interest
payment date thereafter, at the
make whole amount, subject to
prior written approval by the
Registrar of Banks
Status: Subordinated, qualifying Tier 1
capital issue
Law: South African
Denominations: R1 million
Joint Lead Managers and
Dealers: J.P. Morgan Securities South
Africa (Proprietary) Limited and
Nedbank Capital, a division of
Nedbank Ltd
BESA code: NEDH1B
Settlement date: 20 May 2008
Nominal: R440 million
Maturity date: Perpetual
Coupon: Floating at 3-month JIBAR plus
475 bps until 20 November 2018,
thereafter floating at 3-month
JIBAR plus 712.5bps in
perpetuity unless called
Call date: 20 November 2018 or any interest
payment date thereafter, at the
nominal amount, subject to prior
written approval by the
Registrar of Banks
Status: Subordinated, qualifying Tier 1
capital issue
Law: South African
Denominations: R1 million
Joint Lead Managers and
Dealers: J.P. Morgan Securities South
Africa (Proprietary) Limited and
Nedbank Capital, a division of
Nedbank Ltd
For further information please contact:
Mike Brown (Nedbank Group Chief Financial Officer),
tel: +27 (0)11 294 9999
Markus Borner (Nedbank Group Capital Management),
tel: +27 (0)11 295 8616
Don Bowden (Tier 1 Investor Relations)
tel: +27 (0)21 702 3102, email: don@tier1ir.co.za
Sandton
19 May 2008
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 19/05/2008 10:50:01 Produced by the JSE SENS Department.
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