STANDARD BANK PIONEERS FIRST FLAC NOTES ISSUANCE IN SOUTH AFRICA
BY:TANA MALINGA Standard Bank, Africa’s largest bank by assets, has become the first African bank to issue Flac notes. The bank acted as issuer and arranger in the successful execution of a R2 billion Flac note issuance structured across four tranches. Flac notes are new regulatory instruments introduced by the South African Reserve Bank to…

