Amongst the subscribers, $2.18 million was subscribed to by associates of Intraco’s controlling shareholders and the company’s executive chairman, amounting to approximately 36.6% of the SGD CP Series 005 Tokens.
Intraco (SGX:I06
) launched its fifth issue under the SDAX Commercial Paper Facility Programme (the SGD CP Series 005) for a tenor of 42 days at an interest rate of 4.4% per annum on April 4.
The company says the issue raised $5.96 million from accredited investors, with the tokens to be listed on the SDAX Exchange on the same day.
