CGS-CIMB launches S$150m commercial paper in digital securities on iSTOX
Move allows financial services provider to tap alternative source of funding and wider spectrum of investors; money raised will be used to fund operating expenses and near-term obligations
Singapore
CGS-CIMB Securities (Singapore) has launched a S$150 million multi-tranche commercial paper entirely in digital securities on iSTOX, the digital securities platform backed by Singapore Exchange (SGX), as the financial services provider looks to widen its investor base.
Commercial papers are a form of unsecured, short-term debt instrument. In this case, the money raised will be used to fund CGS-CIMB's operating expenses and near-term obligations.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say