Debt Notice Neutral
NEDBANK LIMITED - NNF196 - Listing of New Financial Instrument
Free preview
What this filing means
Nedbank has listed a new R40 million tranche of credit-linked and combined floating/fixed rate notes (NNF196) under its R120 billion Structured Note Programme. The instrument carries Zaronia-plus-3.00% floating rate until June 2031, then 9.50% fixed rate until June 2036. The total programme in issue now stands at approximately R61.5 billion. This is a standard execution of a previously-approved debt programme — no new economic signal.
Bear case
- No new economic information: the programme was approved on 8 February 2019 and the issuance terms are execution of an already-approved structure.
Unlock the full analysis
Free during launch. Sign in to read the complete breakdown.
- Full bull / bear breakdown
- Decision framework
- Citations & sources
- Price autopsy