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NEDBANK GROUP LIMITED - New Financial Instrument Listing - NGLT1A - 30 June 2017

Release Date: 30/06/2017 14:52
Code(s): NGLT1A     PDF:  
Wrap Text
New Financial Instrument Listing - NGLT1A - 30 June 2017

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


JSE Code: NGLT1A
ISIN No: ZAG000145095


New Listing

The JSE Limited has granted a listing to NEDBANK GROUP LIMITED on
the Interest Rate Market with effect from 30 June 2017 under its
Domestic Medium Term Note Programme.

Authorised Programme size          R 10,000,000,000.00
Total Notes Outstanding            R 4,500,000,000.00



INSTRUMENT TYPE:                   FLOATING RATE NOTE

Bond Code                          NGLT1A
Nominal Issued                     R 600,000,000.00
Issue Price                        100%
Coupon                             12.975% (3 Month JIBAR as at
                                   27 Jun 2017 of 7.325% plus 565
                                   bps)
Coupon Rate Indicator              Floating
Trade Type                         Price
Legal Maturity Date                Perpetual (expected maturity
                                   for         system purposes 01
                                   July 2099)
Books Closed Date(s)               27 December, 27 March, 26
                                   June, 26 September
Interest Payment Date(s)           1 January, 1 April, 1 July, 1
                                   October
Last Day to Register               By 17:00 on 26 December, 26
                                   March, 25 June, 25 September
Issue Date                         30 June 2017
Date Convention                    Modified Following
Interest Commencement Date         30 June 2017
First Interest Payment Date        1 October 2017
First Optional Redemption Date     1 July 2022
ISIN No.                           ZAG000145095
Additional Information             Subordinate, Unsecure - Tier 1
                                   Notes



Applicable Pricing Supplement
https://www.jse.co.za/content/JSEPricingSupplementsItems/2014/Bon
dDocuments/NGLT1A%20Pricing%20Supplement%2020170630.pdf

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


Date: 30 June 2017

Debt Sponsor: Nedbank CIB, a division of Nedbank Limited

Date: 30/06/2017 02:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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