---
title: "Nedbank Gets JSE Approval to List NNF203 and NNF204 Notes"
description: "Nedbank has JSE approval to list NNF203 and NNF204 structured notes. The notes total R75m and have an issue date of 16 October 2026."
canonical_url: "https://liners.com/news/nedbank-jse-approval-nnf203-nnf204-notes"
markdown_url: "https://liners.com/news/nedbank-jse-approval-nnf203-nnf204-notes.md"
type: "article"
language: "en"
published_at: "2026-10-15T19:35:36.694Z"
updated_at: "2026-10-15T19:35:37.395Z"
---

# Nedbank Gets JSE Approval to List NNF203 and NNF204 Notes

Nedbank has JSE approval to list NNF203 and NNF204 structured notes. The notes total R75m and have an issue date of 16 October 2026.

## Breadcrumbs

- [News](/news)
- [Nedbank Gets JSE Approval to List NNF203 and NNF204 Notes](/news/nedbank-jse-approval-nnf203-nnf204-notes)

## Content

## In Short
Nedbank has received JSE approval to list two new notes, NNF203 and NNF204, under its Structured Note Programme.

## What Happened
Nedbank said the Johannesburg Stock Exchange has approved the listing of NNF203 and NNF204, two notes issued under the bank’s Structured Note Programme.

A note is a debt instrument, similar to an IOU, where investors lend money to the issuer and receive interest and a repayment amount based on the product terms. In this case, they are issued under a “structured” programme, meaning the payoff can be linked to specific rules or market measures, rather than a plain fixed-rate bond.

The nominal amount for NNF203 is R25 million. The nominal amount for NNF204 is R50 million. Both instruments are set to have an issue date of 16 October 2026.

JSE approval means the instruments meet the exchange’s listing requirements and can be admitted for trading, subject to final listing steps. For banks, structured note programmes are a repeat-issuance framework that lets them bring multiple debt instruments to market without starting from scratch each time.

## Why It Matters
These listings add to the range of listed debt products available on South Africa’s capital markets. They also show how banks keep using the JSE as a distribution channel for funding and investor products.

For institutional investors and wealth managers, listed notes can offer tailored risk and return profiles, including exposure to interest rates or other market-linked outcomes. For the issuer, a structured note programme provides a flexible way to raise capital in different sizes and formats as market conditions change.

Nedbank is listed on Liners as [Nedbank](/nedbank), in the Banking category in Africa’s financial services ecosystem.

## Sources and products

- [Moneyweb](https://www.moneyweb.co.za/mny_sens/nnf203-nnf204-listing-of-new-financial-instruments)
- [Nedbank](/nedbank)

## Related pages

- [Funding & Acquisitions](/news)

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