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NED
NED
Nedbank Group - Nedbank Tier II Bond Issue
Nedbank Group Limited
(Formerly Nedcor 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 ("Nedbank"), a wholly-owned subsidiary of Nedbank Group, has
issued a Bond Exchange of South Africa ("BESA") listed subordinated unsecured
bond of R1,5 billion, callable on 24 April 2011. The bond, which qualifies as
regulatory Tier II capital, was issued to pre-finance a portion of the NED1 R2,0
billion BESA listed issue, which Nedbank intends calling on the scheduled call
date of 20 September 2006, subject to prior written approval by the Registrar of
Banks. This issue is part of the bank"s long-term capital management programme,
which seeks to achieve an optimal and prudent capital structure.
The bond was placed by Nedbank Capital as Sole Bookrunner. Citigroup is
appointed as a Manager and Dealer on the
NED5 issue.
Details of the bond issue are:
Launch date: 19 April 2006
Settlement date: 24 April 2006
Bond Exchange code: NED5
Nominal: R1,5 billion
Maturity date: 24 April 2016
Coupon: Fixed at 7,845% until 24 April
2011, thereafter floating at 3-
month JIBAR plus 170 bps until
maturity
Call date: 24 April 2011 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
Manager and Dealer: Citigroup
For further information please contact:
Mike Brown (Chief Financial Officer), tel: (011) 294 9999, email:
mikeb@nedbank.co.za
Trevor Adams (Head of Group Capital Management & Basel II), tel: (011) 294 1141;
email: trevor.adams@nedbank.co.za
Markus Borner (Nedbank Group Capital Management), tel: (011) 295 8616, email:
markusb@nedbank.co.za
Sandton
19 April 2006
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 19/04/2006 03:05:08 PM Produced by the JSE SENS Department
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