Tap of Nedbank Group Limited Additional Tier 1 Floating Rate Note

2019/09/11 17:01:47
SENS announcement for JSE listed company: JSE General
                        

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

INSTRUMENT TYPE: FLOATING RATE NOTE CALLABLE

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
bps)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date Perpetual (expected maturity
for system purposes 15 January
2099)
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
Tier
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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