Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
Detailed Report - Nedbank Group Limited
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Aspartof<strong>Nedbank</strong>Capital’sstrategytoofferintegratedbankingsolutionstoourclientsandfocusondevelopingexistingclientrelationships,CorporateFinancewereawardedthemandatetoactasthesoleinvestmentbankinthemerger.TheAcquisitionandLeveragedFinanceTeamthroughtheirexistingrelationshipasfundertotheTiso<strong>Group</strong>wereselectedasLeadcoordinatorandfunderforamultibanktransactionprovidingR490millionofpreferencesharesfundingtoanewlycreatedEmployeeStaffTrustwhichinvestedinthemergedentity.Inaddition,theteamrefinancedanexistingR271millionpreferencesharefacilityprovidedtoTiso<strong>Group</strong>whichwastransferredintothenewmergedentityandtheyarenowintheprocessofrestructuringtheexistingR240millionpreferencesharefacilityofTisoInvestmentHoldings.<strong>Nedbank</strong><strong>Group</strong>Transformation<strong>Report</strong>2011–FinalDraft.55