ISOTeam (SGX:5WF) launched a SG$20 million multicurrency multi-tranche unsecured commercial paper facility program in digital securities on the SDAX platform, according to a filing with the Singapore Exchange on Monday.
In connection with the multicurrency lprogram, the company has also launched a three-month series 001 SDAX Issuance which is available for subscription to only accredited and institutional investors at an interest rate of 4.90% per annum.
The company is looking to raise between SG$3 million SG$5 million through the 3-month series 001 SDAX issuance, with proceeds to be raised for general working capital needs.
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