Intraco Raises Over SG$20 Million, $5.6 Million from Digital Commercial Paper

MT Newswires
07/04

Intraco (SGX:I06) raised SG$20.3 million and $5.6 million from three series of commercial paper in digital securities, according to a late Thursday filing with the Singapore Exchange.

Shares of the investment management company were down over 1% in Friday's morning trade.

The 19th A series of commercial paper, issued under the SDAX CP facility program with an interest rate of 3.8% per annum, raised 19.9 million.

The Series 014 tokens raised $5.6 million at an interest rate of 5% per annum, while Series 002 tokens raised SG$400,000 at an interest rate of 3.5% per annum.

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