NED
NED
Nedbank Group - Tier II Bond Issue
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN: ZAE000004875
("Nedbank Group")
TIER II BOND ISSUE
Nedbank Limited, a wholly-owned subsidiary of Nedbank Group, has mandated
Nedbank Capital to lead manage, together with Citigroup, a Tier II capital bond
issue of up to R1,5 billion. A roadshow to present the fundamentals and key
features of the proposed bond issue commences today.
This bond issue aims to balance the levels of debt and equity in regulatory
capital, as part of the bank"s long-term capital management programme.
Application will be made to list the bond on the Bond Exchange of South Africa.
Sandton
3 April 2006
For further information, please contact:
Jason Hall (Nedbank Capital), tel: (011) 535 4027, email: jasonha@nedbank.co.za
Laurence Rosenberg (Nedbank Capital), tel: (011) 535 4027, email:
laurencero@nedbank.co.za
Markus Borner (Nedbank Group Capital Management), tel: (011) 295 8616, email:
markusb@nedbank.co.za
Mike Brown (Chief Financial Officer), tel: (011) 294 9999, e-mail:
mikeb@nedbank.co.za
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 03/04/2006 04:23:06 PM Produced by the JSE SENS Department
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