Sharenet Sites
Sectors
Scanner
To view the PDF file, sign up for a MySharenet subscription.
Back to SENS 

NEDBANK LIMITED - Full capital redemption : NED19 and NED20

Release Date: 01/06/2020 08:15
Code(s): NED20 NED19     PDF:  
Wrap Text
Full capital redemption : NED19 and NED20

NEDBANK LIMITED
JSE Code: NED19          ISIN No: ZAG000127580
JSE Code: NED20          ISIN No: ZAG000127598

Full Capital Redemption - NED19 and NED20

In accordance with the provisions of the terms and conditions of
Nedbank Limited (‘Nedbank’) Unsecured subordinated notes in
terms of its Domestic Medium Term Note Programme – “NED 19” and
“NED 20” under sections D3 and D4 (‘Issuer Early Redemption
Election’)    of   the   Pricing   Supplement    dated   29    June    2015,
investors are herewith advised of the full capital redemption of
NED19 and NED20 effective 1 July 2020.

In accordance with the terms and conditions, the Registrar of
Banks (Relevant Authority) has granted written approval of
the Issuer Early Redemption Election of the NED19 and NED20
Notes exercised by Nedbank.

             Capital                  Amount                  Record
             redemption amount        outstanding             date
                                      after
                                      capital
                                      redemption

NED19        R1 624,000,000.00        R0.00                   Tuesday,
                                                              30 June
                                                              2020
NED20        R407,000,000.00          R0.00                   Tuesday,
                                                              30 June
                                                              2020

1 June 2020

Sponsor
Nedbank CIB

Date: 01-06-2020 08:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.