Nedbank CIB’s Debt Capital Markets (DCM) team has been appointed as a Joint Lead Bookrunner for the second consecutive year, alongside Deutsche Bank and two other international banks, for the National Treasury’s dollar-denominated bond issuance in the international debt capital market.
JOHANNESBURG, Friday, 6 October 2017 – Deutsche Bank, through Deutsche Securities (SA) Pty Limited (“Deutsche Bank”), and JSE listed Nedbank Group Limited (NED), through its Corporate and Investment Banking operation (“Nedbank CIB”), announce today that they have entered into a cooperation to jointly provide primary equity and debt capital markets services to corporate, public sector and institutional clients in South Africa and select markets in sub-Saharan Africa.
The scope of the cooperation will include the following services:
- Primary equity capital markets activities, including the management of initial public offerings, rights offers and placements;
- Primary equity-linked capital markets activities, including the management of convertible and exchangeable bond offerings; and
- International debt capital markets activities, including investment-grade and sub-investment grade Eurobond offerings.
Key highlights of the cooperation:
- Preferred partners in managing capital markets services in South Africa and select markets in sub-Saharan Africa;
- Combines Deutsche Bank’s South African equities and global capital markets distribution platform with Nedbank CIB’s local primary markets expertise and deep corporate and public sector client reach; and
- Broadens client reach through local and international capital markets access, offering relevant, innovative solutions based on global best practice.
The two institutions will cooperate on a transaction-by-transaction basis, with clients continuing to contract directly with each of them individually. The two parties will not be creating a legal entity or other joint venture structure. There is no impact on existing advisory and financing businesses, which remain separate.
Brian Kennedy, Group Managing Executive of Nedbank CIB, said: “The cooperation with Deutsche Bank will enhance Nedbank’s ability to provide our clients with access to deeper sources of capital globally.”
Muneer Ismail, Chief Executive and Chief Country Officer for Deutsche Bank South Africa, said: “The cooperation offers a creative and innovative way to expand Deutsche Bank’s client footprint and deliver customised solutions.”
Alasdair Warren, Deutsche Bank’s Head of Corporate Finance EMEA and Co-Head of Corporate & Investment Bank EMEA, said: “Deutsche Bank has a proud 25-year history in South Africa. Through our cooperation with Nedbank, we aim to broaden our franchise, further underlining our commitment to both the country and the region.”
For further information please contact:
Co-head Advisory, Nedbank CIB
Phone: +27 11 294 5348
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium‐sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
For more information on the Deutsche Bank Group in South Africa, click https://www.db.com/southafrica/index.htm
About Nedbank Group
Nedbank Group is a Johannesburg Stock Exchange (JSE) listed bank holding company with a market capitalisation of R104bn as at 30 June 2017. Nedbank Group is one of Africa’s largest banking groups. Its principal banking subsidiary is Nedbank Limited and the group is 53% majority owned by Old Mutual plc (Old Mutual) which has a primary listing on the London Stock Exchange and secondary listings on several African exchanges including the JSE. Nedbank Group owns subsidiaries and banks in Namibia, Swaziland, Malawi, Mozambique, Lesotho, Zimbabwe, Isle of Man, Guernsey and Jersey, and has representative offices in other Southern Africa countries, including Angola, Kenya and key global financial centres to provide international banking services for SA-based multinational and high-net-worth clients in London, Toronto and Dubai (UAE). We are a diversified financial services provider offering a wide range of wholesale and retail banking services as well as insurance, asset management and wealth management solutions.
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