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NEDBANK GROUP LIMITED - New listing of Nedbank Group Limited floating rate note callable - NGT108

Release Date: 05/03/2021 15:17
Code(s): NGT108     PDF:  
Wrap Text
New listing of Nedbank Group Limited floating rate note callable - NGT108

NEDBANK GROUP LIMITED
Reg No 1966/010630/06
Incorporated in the Republic of South Africa
JSE Code: NGT108
ISIN No:  ZAG000174624

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 08 March 2021 under its
Domestic Medium-Term Note Programme.

Authorised Programme size          R 40,000,000,000.00
Total Notes Outstanding            R 22,916,000,000.00 (including
                                   this issuance)

INSTRUMENT TYPE:                   PERPETUAL FLOATING RATE NOTE

Bond Code                          NGT108
Nominal Issued                     R 1,537,000,000
Issue Price                        100%
Coupon                             8.312% (3 Month JIBAR as at 03
                                   March 2021 of 3.642% plus
                                   467bps)
Coupon Rate Indicator              Floating
Trade Type                         Price
Final Maturity Date                31 December 2099
Books Close Date                   03 March, 03 June, 03 September,
                                   03 December
Interest Payment Date(s)           08 March, 08 June, 08 September,
                                   08 December
Last Day to Register               by 17:00 on 02 March, 02 June,
                                   02 September, 02 December
Issue Date                         08 March 2021
Date Convention                    Modified Following
Interest Commencement Date         08 March 2021
First Interest Payment Date        08 June 2021
Early Redemption Date (Call)       08 September 2026
ISIN No.                           ZAG000174624
Additional Information   Subordinate, Unsecure - First Tier
Additional Terms and Conditions    N/A

Applicable Pricing Supplement

https://clientportal.jse.co.za/Content/JSEPricingSupplementsItems
                         /2021/NGT108%20PricingSupplement0803.pdf

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

Date: 05 March 2021

Debt Sponsor: Nedbank Corporate and Investment Banking

Date: 05-03-2021 03:17:00
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