South Africa's Standard Bank subsidiary calls all floaters due 2015

By Marisa Wong

Madison, Wis., Aug. 31 - Standard Bank plc said it will redeem all of its $250 million step-up subordinated floating-rate notes due 2015 (ISIN: XS0231826024) on Oct. 8.

The notes will be redeemed at par plus accrued interest up to the redemption date.

The London-based financial company is a subsidiary of Standard Bank Group, which is based in Johannesburg.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.