South African lender, Nedbank Group, has raised $451 million in a sale of four bonds, Bloomberg reports. The bank sold fixed-rate debt worth $165.5 million, which will be due in 2016.Nedbank also raised $65.4 million in fixed rate debt, maturing in 2014. The lender seeks to continue issuing the remaining senior debt in later 2011. It has outstanding debt worth $3.7 billion, maturing in more than a year.
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