Standard Bank puts CLN programme in motion
Following the recent launch of a Luxembourg-listed US dollar-based structured note programme, Standard Bank has released a series of US dollar-denominated products linked to credit derivatives. The note programme was created to offer credit-linked notes (CLNs), "providing exposure to otherwise inaccessible African credit and meeting growing African investor demand for portfolio diversification", according to Hennie Snyman, head of client solutions for institutional investors at Standard Bank.
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