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NEDBANK GROUP LIMITED - New Financial Instrument Listing - NGL02

Release Date: 15/03/2017 08:35
Code(s): NGL02     PDF:  
Wrap Text
New Financial Instrument Listing - NGL02

NEDBANK GROUP LIMITED


Nedbank Group Limited Reg No 1966/010630/06
Incorporated in the Republic of South Africa


JSE Code: NGL02
ISIN No: ZAG000142688


New Listing

The JSE Limited has granted a listing to NEDBANK GROUP LIMITED on
the Interest Rate Market with effect from 14 March 2017 under its
Domestic Medium Term Note Programme.

Authorised Programme size     R 10,000,000,000.00
Total Notes Outstanding       R 2, 000, 000,000.00



INSTRUMENT TYPE:              FLOATING RATE NOTE

Bond Code                     NGL02
Nominal Issued                R 2,000,000,000.00
Issue Price                   100%
Coupon                        11.142% (3 Month JIBAR as at 09
                              March 2017 of 7.342% plus 380 bps)
Coupon Rate Indicator         Floating
Trade Type                    Price
Final Maturity Date           15 March 2027
Books Close Date(s)           10 March, 10 June, 10 September, 10
                              December
Interest Payment Date(s)      15 March, 15 June, 15 September, 15
                              December
Last Day to Register          By 17:00 on 9 March, 9 June, 9
                              September, 9 December
Issue Date                      14 March 2017
Date Convention                 Modified Following
Interest Commencement Date      14 March 2017
First Interest Payment Date     15 June 2017
Optional Redemption Date        15 March 2022
ISIN No.                        ZAG000142688
Additional Information          Subordinate, Unsecure - Second Tier



Applicable Pricing Supplement

https://www.jse.co.za/content/JSEPricingSupplementsItems/2014/BondDoc
uments/NGL02%20Pricing%20Supplement%2020170314.pdf



The notes will be immobilised in the Central Securities
Depository (“CSD”) and settlement will take place electronically
in terms of JSE Rules.


Date: 14 March 2017

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

Date: 15/03/2017 08:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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