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PH growth forecasts lowered | The Manila Times

PHILIPPINE growth forecasts are being revised downwards following the second quarter s worse-than-expected slowdown of 4.3 percent. ....

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CGS-CIMB And ISTOX Roll Out Digital Securities Issuance In S$150-Million Commercial Paper Programme

Tuesday, 4 May 2021, 6:45 am
The CGS-CIMB commercial paper is the first in a new
product line by iSTOX. Commercial papers are a US$1-trillion
market in the US and they are gaining momentum in
Asia.
SINGAPORE, 3 MAY 2021 –
Leading financial services provider CGS-CIMB and
private capital platform iSTOX announced today the issuance
of a short-term debt instrument in the form of digital
securities. The S$150-million (or US$112-million[1]) multi-tranche commercial paper will
be used to fund operating expenses and near-term obligations
of CGS-CIMB. The first tranche of S$10 million was
over-subscribed by accredited individual and corporate
investors[2] on the iSTOX platform. ....

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