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The Straits Times CDL said that Lim Yin Nee Jenny resigned as an independent non-executive director on Monday.PHOTO: CDL Lee Meixian https://str.sg/JtSk They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398. ....
Short-Term Debt Instrument Issued as Digital Securities by iSTOX and CGS-CIMB Securities International CGS-CIMB Securities International, an integrated financial service provider based in Asia, and digital securities platform iSTOX have reportedly issued a short-term debt instrument as digital securities. The SGD 150-million (appr. $112-million) multi-tranche commercial paper will be used to cover operational costs and near-term obligations of CGS-CIMB. The initial tranche of SGD 10 million has been over-subscribed by accredited investors active on the iSTOX platform. Investors have been offered a 1% APY over a 3-month period. The complete SGD 150-million program is being carried out by using digital securities, with no traditional issuance taking place. ....
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. ....
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. ....
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. ....