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NEDBANK GROUP LIMITED - New Financial Instrument Listing - NGL04 - 19 March 2018

Release Date: 19/03/2018 09:30
Code(s): NGL04     PDF:  
Wrap Text
New Financial Instrument Listing - NGL04 - 19 March 2018

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


JSE Code: NGL04
ISIN No:   ZAG000150178

New Listing of Nedbank Limited Floating Rate Note Callable

The JSE Limited has granted a listing to NEDBANK LIMITED on the
Interest Rate Market with effect from 19 March 2018 under its
Domestic Medium Term Note Programme.

Authorised Programme size     R 10,000,000,000.00
Total Notes Outstanding       R 5,100,000,000.00 (excluding this
                              issuance)

INSTRUMENT TYPE:              FLOATING RATE NOTE CALLABLE

Bond Code                     NGL04
Nominal Issued                R 2 0000,000,000.00
Issue Price                   100%
Coupon                        10.175% (3 Month JIBAR as at 14 March
                              2018 of 7.125% plus 305 bps)
Coupon Rate Indicator         Floating
Trade Type                    Price
Final Maturity Date           20 March 2028
Books Close Date(s)           15 March, 15 June, 15 September, 15
                              December
Interest Payment Date(s)      20 March, 20 June, 20 September, 20
                              December
Last Day to Register          By 17:00 on 14 March, 14 June, 14
                              September, 14 December
Issue Date                    19 March 2018
Date Convention               Modified Following
Interest Commencement Date    19 March 2018
First Interest Payment Date   20 June 2018
Optional Redemption Date      20 March 2023
ISIN No.                      ZAG000150178
Additional Information        Subordinate, Unsecure- Second Tier
Applicable Pricing Supplement

https://www.jse.co.za/content/JSEPricingSupplementsItems/2014/Bon
dDocuments/NGL04%20Pricing%20Supplement%2020180319.pdf



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



Date 16 March 2018

Debt Sponsor: Nedbank Corporate and Investment Banking

Date: 19/03/2018 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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