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NEDBANK LIMITED - Full Capital Redemption NEDT1B

Release Date: 26/10/2021 09:55
Code(s): NEDT1B     PDF:  
Wrap Text
Full Capital Redemption – NEDT1B

NEDBANK LIMITED
JSE Code: NEDT1B        ISIN No: ZAG000140781

Full Capital Redemption – NEDT1B

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 – “NEDT1B” under
sections D3 and D5 (‘Issuer Early Redemption Election’) of the
Pricing    Supplement     dated    23    November   2016,   investors   are
herewith   advised   of    the    full   capital    redemption   of   NEDT1B
effective 26 November 2021.

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 NEDT1B Notes
exercised by Nedbank.

             Capital                       Amount             Record
             redemption amount             outstanding        date
                                           after
                                           capital
                                           redemption
NEDT1B       R500,000,000.00               R0.00              Thursday,
                                                              25
                                                              November
                                                              2021


26 October 2021

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of
Nedbank Limited

Date: 26-10-2021 09:55:00
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