🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Nedbank schedules multiple bond interest payments in December

EditorAmbhini Aishwarya
Published 11/27/2023, 06:43 AM
© Reuters.
NEDJ
-
NDBKY
-

Nedbank Corporate and Investment Banking, the appointed debt sponsor, has announced a series of interest payments for various bonds in December 2023. Investors can expect disbursements with varied coupon rates, starting from the beginning of the month and continuing towards the end.

The upcoming payments begin on December 1st, with the NBK20A bond, which will distribute interest amounting to R90,080,200.00, reflecting a coupon rate of 10.360% for the period from June to December 2023. Following this, on December 8th, the NGT108 bond will disburse R49,82713975 with a coupon rate of 13.003%. The subsequent payouts will occur on December 11th for the NGT112 bond, offering an 11.733% rate and amounting to R14,62606849, and on December 18th, the NBG07G and NGT1G bonds will respectively pay R27,462,087.12 at a 9.783% rate and R28,20758164 at a 12.433% rate.

As December progresses, more payments are lined up, including the NGL09 bond on December 19th, rewarding investors with R66,58582192 at a 12.683% rate. Post-Christmas, on December 27th, a trio of bonds—NGT103, NGT110, and NGL10—will make interest payments with rates of 12.733%, 12.243%, and 10.333% respectively, totaling R21,53516592, R10,68327534, and R11,12877671. The final payment of the month comes from the NGT113 bond on December 28th, with a disbursement of R28,95295890 (USD1 = ZAR18.6900) at an 11.613% interest rate.

All transactions adhere to the modified following business day convention, ensuring that payments are made on the next working day if the due date falls on a weekend or holiday. This series of payments reflects Nedbank's commitment to meeting its financial obligations to bondholders and maintaining a structured schedule for interest disbursements.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.