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

CGS-CIMB And iSTOX Roll Out Digital Securities Issuance In S$150-Million Commercial Paper Programme - 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
Date
03/05/2021
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. Investors were offered a 1% per annum interest rate over 3 months. The full S$150-million programme is being carried out using digital securities, with no traditional issuance happening alongside the digital channel. ....

New Zealand , Michael Tan , Yee Choo , Carol Fong , Monetary Authority Of Singapore , Thailand Kiatnakin Phatra Financial Group , Japan Tokai Tokyo Financial Holdings , Singapore Exchange , Development Bank , Point Capital , Group Chief Executive Officer , Chief Commercial Officer , Executive Director , Taurus Point Capital , Monetary Authority , Temasek Subsidiary Heliconia Capital , Growth Investments , Futures Act , Hanwha Asset Management , Tokai Tokyo Financial Holdings , Kiatnakin Phatra Financial , புதியது ஜீலாந்து , மைக்கேல் பழுப்பு , யீ சூ , கரோல் பொங் , பண அதிகாரம் ஆஃப் சிங்கப்பூர் ,

CGS-CIMB issues S$150m digital commercial paper

03 May 2021 / 21:31 H.
PETALING JAYA: CGS-CIMB and Singapore Exchange-backed fintech company iSTOX have issued a S$150 million (RM463.02 million) commercial paper programme, a short-term debt instrument in the form of digital securities which will raise funds for the former’s operating expenses and near-term obligations.
It stated that the first tranche of S$10 million of the issuance, which offers a 1% per annum interest rate over three months, listed on iSTOX was oversubscribed by accredited individual and corporate investors on the private capital platform.
The commercial paper is the first in a new product line of digital commercial papers by the platform, and it is also listed for trading on its secondary exchange allowing investors to cash out ahead of maturity. ....

Malaysia General , Carol Fong , Michael Tan , Yee Choo , Singapore Exchange Backed , Taurus Point Capital , மலேசியா ஜநரல் , கரோல் பொங் , மைக்கேல் பழுப்பு , யீ சூ ,

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. ....

New Zealand , Michael Tan , Carol Fong , Yee Choo , Group Sdn , China Galaxy International Financial Holdings , Monetary Authority Of Singapore , Securities International Pte , Development Bank , China Galaxy Securities Co Ltd , Citizen Community , Research Pte , Foundation For Public Interest Journalism , Group Holdings Berhad , Thailand Kiatnakin Phatra Financial Group , Japan Tokai Tokyo Financial Holdings , Singapore Exchange , Million Commercial Paper Programmetuesday , Point Capital , Group Chief Executive Officer , Chief Commercial Officer , Executive Director , Taurus Point Capital , Monetary Authority , Temasek Subsidiary Heliconia Capital , Growth Investments ,