37.08
| If an issuer does not meet the eligibility criteria above it is eligible for a listing of guaranteed debt securities if: |
|
| (a) | it is a body corporate that is validly incorporated or established; and |
| (b) | it is wholly owned by a State, a Supranational or by a body corporate that meets the eligibility criteria above; and |
| (c) | its owner guarantees its obligations; and |
| (d) | it and its owner agree to comply with the Listing Rules. |