On June 22, Intraco I06 launched its first issue under the SDAX Commercial Paper Facility Programme (the SGD CP Series 001) for a tenor of 30 days at an interest rate of 4.1% per annum. The company says it intends to raise up to $2.0 million mainly for its trading and distribution business’s working capital purposes. The offer period will end on June 28 and the SGD CP Series 001 tokens will be issued and listed on the SDAX Exchange on the same day.
On June 20, Valuemax Group launched its 3-month Series 001 SDAX Issuance of commercial paper at an interest rate of 5.15%, and is looking to raise between $10 million and $20 million. The digital securities will be traded on the SDAX Exchange.
