Tat Hong Equipment Service (HKG:2153) is looking to raise between SG$28 million and SG$33 million from the issue of commercial papers in the form of digital securities.
The commercial papers carry an interest rate of 4.65% per annum and will fall due in three months, a Thursday bourse filing showed.
The crane rental company will use proceeds as working capital for its principal businesses.
The securities were issued under the company's SDAX Multicurrency CP Facility Program.