The digital securities are priced at an interest rate of 3.80% per annum, which is expected to mature approximately three months from the date of issuance.
The Straits Trading Company (STC) launched on Oct 15 its inaugural $55 million multicurrency commercial paper (CP) facility programme, entirely in digital securities, on Singapore’s Digital Asset Exchange (SDAX).
According to an Oct 15 bourse filing, STC expects to raise between $5 million and $10 million from accredited and institutional investors under the first series of its three-month CP.
