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Published on 1/27/2009 in the Prospect News Emerging Markets Daily.

Standard Bank of South Africa buys back $77 million floaters

By Susanna Moon

Chicago, Jan. 27 - Standard Bank of South Africa said it repurchased and cancelled $77 million nominal amount of its $500 million floating-rate notes due 2012.

As a result, $423 million of the notes is outstanding.

Standard Bank of South Africa is a Johannesburg-based commercial and investment bank.


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