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NEDBANK LIMITED - New Debt Instrument NED13 Nedbank Limited

Release Date: 24/07/2013 10:05
Code(s): NED13     PDF:  
Wrap Text
New Debt Instrument NED13 Nedbank Limited

Nedbank Limited
JSE Code: NED13
ISIN No: ZAG000107418
New Listing



The JSE Limited has granted a listing to NEDBANK LIMITED in
respect of the Notes described below on the Interest Rate Market
with effect from 24 July 2013 under its Domestic Medium Term Note
Programme dated 24 May 2010.

Instrument type:           Floating rate note

Authorised Programme size: R 40,000,000,000.00
Total Notes Outstanding:   R 24,100,000,000.00



Bond Code:                  NED13
Nominal Issued:             R 1,800,000,000.00
Issue Price:                100%
Coupon:                     7.90% (3 Month JIBAR as at 19 July
                            2013 of 5.150% plus 275 bps)
Coupon Indicator:           Floating
Trade Type:                 Price
Final Maturity Date:        25 July 2023
Books Close:                20 January, 20 April, 20 July, and 20
                            October
Interest Date(s):           25 January, 25 April, 25 July, and 25
                            October
Last Day to Register:       by 17:00 on 19 January, 19 April, 19
                            July, 19 October
Issue Date:                 24 July 2013
Date Convention:            Modified Following
Interest Commencement Date: 24 July 2013
First Interest Date:        25 October 2013
Optional Redemption Date:   25 July 2018
ISIN No:                    ZAG000107418
Additional Information:     Subordinated, unsecured Notes
The note will be immobilised in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms of
JSE Rules. Further information on the Note issue please contact:


Bradley Smart         Nedbank Ltd           +27 11 294 2693
Ronelle Singh         Nedbank Ltd           +27 11 535 4027
Arvana Singh          Nedbank Ltd           +27 11 535 4027
Brendan Povey         JSE                   +27 11 520 7982
Diboko Ledwaba        JSE                   +27 11 520 7222
Kea Sape              JSE                   +27 11 520 7603


Date 24th July 2013

Debt Sponsor: Nedbank Capital

Date: 24/07/2013 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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