The Straits Trading Co. (SGX:S20) launched a third series of its three-month commercial paper in digital bonds under its SDAX CP Facility Program, according to a Wednesday filing with the Singapore Exchange.
The debt securities will be offered to accredited and institutional investors at an interest rate of 3.20% per year.
The company is looking to raise between SG$5 million and SG$10 million from the series.
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