Intraco I06 has launched its third issue under the SDAX Commercial Paper Facility Programme (the SGD CP Series 003) for a tenor of 47 days at an interest rate of 4.4% per annum on Jan 18.
The company says the issue raised $4.19 million from accredited investors, with the tokens to be listed on the SDAX Exchange on the same day.
Amongst the subscribers, $1.2 million was subscribed by associates of Intraco’s controlling shareholders and $200,000 was subscribed by the company’s executive chairman, amounting to approximately 33% of the SGD CP Series 003 Tokens.
Shares in Intraco closed unchanged at 26.5 cents on Jan 18.
