The Straits Trading Company (SGX:S20) launched fourth series of its three month commercial paper in digital securities on the SDAX platform at an interest rate of 3.20% per year, according to a filing with the Singapore Exchange on Tuesday.
The bonds will mature around three months from the date of issuance.
The company expects to raise between SG$5 million and SG$10 million.
Shares of the company were up over 3% in recent trading.