Nedbank Group Ltd (NEDJ.J)
22 Feb 2018
(The following statement was released by the rating agency) LONDON, December 05 (Fitch) Fitch Ratings has affirmed Nedbank Group Limited's (NBG) and Nedbank Limited's (NBL) Long-Term Issuer Default Ratings (IDR) at 'BB+' with Stable Outlook. At the same time, Fitch has downgraded the Support Rating (SR) of NBG to '5' from '4', following the announcement of a clear timeframe of the separation of NBG from its majority parent Old Mutual Plc (BBB/Stable). All other ratings of NBG and NBL have been a
CAPE TOWN, Nov 9 The African Development Bank (AfDB) has approved a $172 mln financial package for South Africa's Nedbank Group for infrastructure, banking and housing projects, it said on Thursday.
JOHANNESBURG, Nov 1 Anglo-South African financial services group Old Mutual said on Wednesday it will retain a 19.9 percent strategic minority shareholding in Nedbank after the parent company's planned split.
BRIEF-Nedbank issues update on quantum of strategic minority shareholding in Nedbank Group to be held by Old Mutual Ltd
* STRATEGIC MINORITY SHAREHOLDING TO BE RETAINED IN NEDBANK GROUP TO UNDERPIN ONGOING COMMERCIAL RELATIONSHIP BETWEEN COMPANIES HAS BEEN AGREED AT 19,9 PERCENT Source text for Eikon: Further company coverage: (Bangalore.firstname.lastname@example.org)
* STRATEGIC MINORITY SHAREHOLDING TO BE RETAINED IN NEDBANK GROUP TO UNDERPIN ONGOING COMMERCIAL RELATIONSHIP BETWEEN COMPANIES HAS BEEN AGREED AT 19,9%
BRIEF-Nedbank Group and Deutsche Bank to cooperate on equity and debt capital markets in South Africa and sub-Saharan Africa
* NEDBANK GROUP AND DEUTSCHE BANK TO COOPERATE ON EQUITY AND DEBT CAPITAL MARKETS IN SOUTH AFRICA & SUB-SAHARAN AFRICA
LONDON, Sept 21 (IFR) - South Africa sold US$2.5bn of bonds on Tuesday in its first transaction since its downgrade to junk status - but all the chatter was about the line-up of the bookrunners.