|
NED
NED NBKP
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
ISIN: ZAE000004875
("Nedbank Group")
TIER II BOND ISSUES
Nedbank Limited ("Nedbank"), a wholly-owned subsidiary of Nedbank Group,
has issued two Bond Exchange of South Africa ("BESA") listed subordinated
unsecured bonds of R0,65 billion and R1,0 billion, callable on 8 February
2012 and 8 February 2014 respectively. The bonds, which qualify as
regulatory Tier II capital, were issued to finance a portion of the
redemption of the NED2 R4,0 billion BESA listed issue, which Nedbank
intends to call on the scheduled call date of 9 July 2007, 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 bonds were placed by Nedbank Capital as Sole Bookrunner. Citigroup is
appointed as a Manager and Dealer on the NED7 and NED8 issues, which
includes market making.
Details of the bond issues are:
NED7
Launch date: 5 February 2007
Settlement date: 8 February 2007
Bond Exchange code: NED7
Nominal: R0,65 billion
Maturity date: 8 February 2017
Coupon: Fixed at 9,03% until
8 February 2012, thereafter
floating at 3-month JIBAR plus
195 bps until maturity
Call date: 8 February 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
Manager and Dealer: Citigroup
Market Maker: Citigroup
NED8
Launch date: 5 February 2007
Settlement date: 8 February 2007
Bond Exchange code: NED8
Nominal: R1,0 billion
Maturity date: 8 February 2019
Coupon: Fixed at 8,90% until
8 February 2014, thereafter
floating at 3-month JIBAR plus
217 bps until maturity
Call date: 8 February 2014 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
Market Maker: Citigroup
For further information please contact:
Mike Brown (Chief Financial Officer),
tel: +27 (0)11 294 9999, email: mikeb@nedbank.co.za
Trevor Adams (Head of Group Capital Management & Basel II),
tel: +27 (0)11 294 1141; email: trevor.adams@nedbank.co.za
Markus Borner (Nedbank Group Capital Management),
tel: +27 (0)11 295 8616, email: markusb@nedbank.co.za
Sandton
8 February 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 08/02/2007 14:25:01 Produced by the JSE SENS Department.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
