NED - Nedbank Group Limited - Further Issue of Ned
NED
NED
NED - Nedbank Group Limited - Further Issue of Nedbank Tier II Bond
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
("Nedbank Group")
FURTHER ISSUE OF TIER II BOND
Nedbank Limited ("Nedbank"), a wholly-owned subsidiary of Nedbank Group, has
privately placed an additional R700 million of the NED8 Bond Exchange of South
Africa ("BESA") listed subordinated unsecured bond, resulting in a total issue
of R1,7 billion. The bond qualifies as regulatory Tier II capital and was
issued to finance a portion of the redemption of the NED2 R4,0 billion BESA
listed issue. Nedbank intends to call the NED2 issue on the scheduled call date
of 9 July 2007, subject to prior written approval by the Registrar of Banks. The
issue is part of the bank`s long-term capital management programme, which seeks
to achieve an optimal and prudent capital structure.
Sandton
20 March 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 20/03/2007 12:53:05 Produced by the JSE SENS Department.
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