Friday, July 6, 2007

Nedbank issues $284 mln unsecured note

(Reuters) - South Africa's Nedbank has issued a 15-year 2 billion rand listed subordinated unsecured floating rate note, it said on Friday.

The coupon on the note is set at 3-month JIBAR plus 47 basis points. The bond was placed with the International Finance Corporation and the African Development Bank in equal tranches of 1 billion rand each, Nedbank said in a statement.


Read more at Reuters Africa

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