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NEDBANK GROUP LIMITED - Tap of Nedbank Group Limited Additional Tier 1 Floating Rate Note

Release Date: 11/09/2019 17:02
Code(s): NGT104     PDF:  
Wrap Text
Tap of Nedbank Group Limited Additional Tier 1 Floating Rate Note

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

JSE Code: NGT104
ISIN No:   ZAG000160441

Tap of Nedbank Group Limited Additional Tier 1 Floating Rate Note

The JSE Limited has granted a listing to NEDBANK GROUP LIMITED on
the Interest Rate Market with effect from 12 September 2019 under
its Domestic Medium Term Note Programme.

Authorised Programme size          R 25,000,000,000.00
Total Notes Outstanding            R 15,357,000,000.00 (including
                                   this issuance)


Tap Amount                         R 887,000,000.00
Total Amount Following Tap Issue   R 1,829,000,000.00

Bond Code                          NGT104
Nominal Issued                     R 887,000,000.00
Issue Price                        102.726431%
Coupon                             11.55% (3 Month JIBAR as at 18
                                   June 2019 of 7.050% plus 450
Coupon Rate Indicator              Floating
Trade Type                         Price
Final Maturity Date                Perpetual (expected maturity
                                   for system purposes 15 January
Books Close Date(s)                10 January, 10 April, 10 July,
                                   10 October
Interest Payment Date(s)           15 January, 15 April, 15 July,
                                   15 October
Last Day to Register               By 17:00 on 9 January, 9 April,
                                   9 July, 9 October
Issue Date                         12 September 2019
Date Convention                    Modified Following
Interest Commencement Date         24 June 2019
First Interest Payment Date        15 October 2019
Call / Step Up Date                15 January 2025
ISIN No.                           ZAG000160441
Additional Information             Subordinate, Unsecure - First
Additional Terms and Conditions    N/A

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

Date: 11 September 2019

Debt Sponsor: Nedbank Corporate and Investment Banking

Date: 11/09/2019 05:02:00
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