Embattled retailer Steinhoff International Holdings NV said March 9 that its wholly owned indirect subsidiary Steinhoff Services Ltd.'s medium-term note program has been deregistered from the Johannesburg Stock Exchange.
Steinhoff Services applied to the JSE to redeem the notes worth 7.6 billion South African rand in January in a bid to ease its liquidity pressures.
The unit said it does not intend to issue further notes.
As of Mar. 9, US$1 was equivalent to 11.80 South African rand.
