As liquidity eases up in short-term markets.

JOHANNESBURG (Reuters) - Standard Bank Plc, a unit of South Africa's Standard Bank Group, has signed a $1 billion Euro Commercial Paper programme as liquidity eases up in short-term markets.

The bank said on Monday it would issue short-term multi-currency paper to investors worldwide, with the exception of the U.S. and Japanese domestic markets.

"We believe a degree of stability is returning to the markets and investors are now looking closely at their lines for bank paper," Marc van der Spuy, head of global markets at Standard Bank, said in a statement.

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