Intraco Limited has issued its 22nd series of commercial paper in digital securities under the SDAX CP Facility Programme for 30 days at a 3.8% p.a. rate.
The digital securities, which are denominated in Singapore dollars, raised $9.39 million from accredited investors and will be issued on the SDAX Exchange on the same day.
Among the subscribers for the CP Series 022B tokens, $1.2 million was subscribed by Intraco’s executive chairman, about 12.8% of the tokens.
Taurus Point Capital, a wholly-owned subsidiary of Intraco, is the adviser on the SDAX CP Facility Programme and the SGD CP Series 022B.
Intraco has not specified what the proceeds will be used for.
Shares in Intraco closed flat at 35 cents on Sept 16.
