Singapore

LOGISTICS behemoth GLP has self-executed its maiden S$100 million 6-month commercial paper on DBS's fixed income execution (FIX) platform, FIX Marketplace.

The inaugural issuance is part of GLP's newly-established US$1 billion Commercial Paper Programme, which DBS is the sole arranger and dealer. It is also the largest commercial paper issuance that has been executed on the platform to-date, DBS said.