Straits Trading Co. Ltd. (SG:S20) has released an update.
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The Straits Trading Company Limited has unveiled a S$55 million multicurrency commercial paper facility, utilizing digital securities on platforms operated by SDAX. This initiative marks the company’s inaugural issuance, targeting accredited and institutional investors with a 3.80% interest rate over a 3-month term. The company aims to raise between S$5 million and S$10 million, depending on investor interest.
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