The Straits Trading Company (SGX:S20) launched its second series of three-month commercial papers on the SDAX digital securities platform, according to a Monday filing on the Singapore Exchange.
The issuance, offered exclusively to accredited and institutional investors, carries an interest rate of 3.7% per annum and matures in approximately three months.
The company aims to raise between SG$5 million and SG$10 million, subject to investor demand.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.