Correction announcement: listing of new financial instrument and tap issue
Correction announcement: listing of new financial instrument and tap issue
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE Alpha Code: BINBK
CORRECTION ANNOUNCEMENT: LISTING OF NEW FINANCIAL INSTRUMENT AND TAP ISSUE
Further to the announcements released on SENS on 15 April 2025 and 24 April 2025 relating to a new
instrument listing and subsequent tap issue respectively under bond code NN411, bondholders are advised
that an incorrect base CPI was reflected in the Applicable Pricing Supplements which has now been
corrected. The updated details for NN411 are as follows:
Instrument code: NN411
Nominal amount in issue: R225,000,000.00
Authorised programme size: R60,000,000,000.00
Total amount in issue after this issuance: R39,926.243,405.00
Instrument type: Combined inflation linked and credit linked
Issue price: 108.53911%
Interest rate: 2.50%
Base CPI: 57.1185870968389
Trade type: Yield
Tap issue date: 29 April 2025
Maturity date: 31 March 2046
Books close dates: 21 March and 20 September
Interest payment dates: 31 March and 30 September
Last day to register: By 17:00 on 20 March and 19 September
Date convention: Following business day
Interest commencement date: 29 April 2025
First interest payment date: 30 September 2025
ISIN: ZAG000214982
Additional information: Senior, unsecured
The updated Applicable Pricing Supplements are available at: Debt investors programme (nedbank.co.za)
15 May 2025
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 15-05-2025 08:30:00
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