NEDBANK GROUP LIMITED - New Listing of Nedbank Group Limited Floating Rate Note Callable - NGT107

New Listing of Nedbank Group Limited Floating Rate Note Callable - NGT107

NEDBANK GROUP LIMITED
Reg No 1966/010630/06
Incorporated in the Republic of South Africa
JSE Code: NGT107
ISIN No:   ZAG000172438

New Listing of Nedbank Group Limited Floating Rate Note Callable

The JSE Limited has granted a listing to NEDBANK GROUP LIMITED on
the Interest Rate Market with effect from 18 November 2020 under
its Domestic Medium Term Note Programme.

Authorised Programme size          R 40,000,000,000.00
Total Notes Outstanding            R 21,379,000,000.00 (including
                                   this issuance)

INSTRUMENT TYPE:                   PERPETUAL FLOATING RATE NOTE

Bond Code                          NGT107
Nominal Issued                     R 472,000,000
Issue Price                        100%
Coupon                             7.883% (3 Month JIBAR as at 13
                                   Nov 2020 of 3.333% plus 455bps)
Coupon Rate Indicator              Floating
Trade Type                         Price
Final Maturity Date                31 December 2099
Books Close Date                   14 February, 14 May, 14 August,
                                   14 November
Interest Payment Date(s)           19 February, 19 May, 19 August,
                                   19 November
Last Day to Register               By 17:00 on 13 February, 13 May,
                                   13 August, 13 November
Issue Date                         18 November 2020
Date Convention                    Modified Following
Interest Commencement Date         18 November 2020
First Interest Payment Date        19 February 2021
Early Redemption Date (Call)       19 November 2025
ISIN No.                           ZAG000172438
Additional Information             Subordinated, Unsecured - First
                                   Tier Notes
Additional Terms and Conditions    N/A

Applicable Pricing Supplement

https://www.jse.co.za/content/JSEPricingSupplementsItems/2020/NGT
                         107%20PricingSupplement1811.pdf

Securities Depository (“CSD”) and settlement will take place
electronically in terms of JSE Rules.

Date: 17 November 2020

Debt Sponsor: Nedbank Corporate and Investment Banking

Date: 17-11-2020 12:55:00
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