Standard Bank is proud to have successfully partnered with the Namibian Government on its second Eurobond issuance in the international capital markets which closed on 29th October 2015. Standard Bank acted as a Joint Lead Manager and Bookrunner on the transaction. The US$750m, 10 year transaction, issued in 144A / Reg S format was tightly priced at a yield of 5.375%. The notes were rated Baa3 and BBB- by Moody’s and Fitch respectively.
This notice serves to inform the public of the Reduction of the Item Limit for Cheque Payments within the National Payment System from the current N$500,000 (five hundred thousand Namibia Dollars) to N$100,000 (hundred thousand Namibia Dollars) effective 1st of February 2016.
There have been significant corporate governance and regulatory developments, locally and internationally, since King III was issued in 2009 and this was the main reason behind the decision of the King Committee on Corporate Governance to introduce a revised Code.
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