Intraco lists SGD and USD commercial paper series in SDAX

The digital securities have an annual interest rate of 4.4% and 6.2%, respectively.

Mainboard-listed Intraco Limited issued its fifth series of commercial paper in digital securities denominated in Singapore Dollars under the SDAX CP Facility Programme, the SGD CP Series 005 Tokens, with a tenor of 42 days and an annual interest rate of 4.4%.

The company also issued its first series under the USD CP Series 001 Tokens with a 42-day tenor and a 6.2% interest rate per annum.

The SGD CP Series 005 Tokens raised $5.96m, whilst the USD CP Series 001 Tokens secured $2.80m (US$2.08m) from accredited investors, with both series listed on the SDAX Exchange on 4 April.

For the SGD CP Series 005 Tokens, $2.18m was subscribed by associates of Intraco's controlling shareholders and its executive chairman, amounting to 36.6% of the SGD CP Series 005 Tokens.

Meanwhile, $2.69m (US2.0m) from the USD CP Series 001 Tokens was subscribed by associates of Intraco's controlling shareholders, amounting to 96.2% of the USD CP Series 001 Tokens.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia