Banking group, Nedbank, has today listed a R1.09bn billion green bond on the Johannesburg Stock Exchange (JSE), whose proceeds will be used to fund green residential developments. 


Published 10 Dec 2021
Posted by khashanem

Johannesburg, 10 December 2021 – Banking group, Nedbank, has today listed a R1.09bn billion green bond on the Johannesburg Stock Exchange (JSE), whose proceeds will be used to fund green residential developments. 

The green bond, which will trade under the JSE code NBG07G, will be floated on the JSE’s Sustainability Segment, which serves as a platform for raising capital for green, social and sustainable investment projects. The bond brings the number of sustainability instruments listed on the JSE’s Sustainability Segment to 35, with a total issued amount of over R17 billion.

Sam Mokorosi, JSE’s Head: Origination and Deals, has welcomed the listing of the green bond by Nedbank, saying the bond will address housing needs while helping in the global fight to reverse climate change.

“As the JSE, we are encouraged to see more issuers joining the fight against climate change. Extreme weather events such as tornadoes and droughts are a threat to human and economic sustainability. Green bonds are one way of ensuring a sustainable future for our planet,” said Mokorosi.

The green bond listed by Nedbank today has been issued under its R75 billion domestic medium term note programme. The first interest payment on the bond is due on 15 March 2022.

Green bonds are fixed-income instruments that are designed to help companies raise capital for investing in climate and environmentally friendly projects while enabling investors to buy into these instruments.

These bonds are typically asset-linked and backed by the issuer’s balance sheet.

“We are proud of this groundbreaking issuance which aligns with the objectives of Sustainable Development Goal 9: Industry Innovation and infrastructure and sets a prime example of how the capital markets in South Africa can be used as a vehicle to structure sustainable finance solutions to attract investment that will move green development forward, says Arvana Singh head of Sustainable Finance Solutions at Nedbank.

This issuance brings Nedbank’s total amount of green bond issuance on the JSE to R6,8 billion.





The Johannesburg Stock Exchange (JSE) has a well-established history operating as a regulated marketplace for trading listed securities. The JSE is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for over 130 years. 


As a leading global exchange, the JSE co-creates, unlocks value and makes real connections happen. 


JSE general enquiries:

Email: [email protected]

Tel: 011 520 7000

JSE media contact:

Paballo Makhetha

Communication Specialist

Tel : 011 520 7331

Mobile : 072 419 4610

Email: [email protected]