CGS-CIMB and iSTOX launch S$150-mil digital commercial paper programme

CGS-CIMB and iSTOX launch S$150-mil digital commercial paper programme
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SINGAPORE (May 3): CGS-CIMB and iSTOX have announced the launch of a S$150-million digital commercial paper programme.

Commercial papers are short-term corporate debt. They form a US$1 trillion (S$1.33 trillion) market in the US and are fast gaining momentum in Asia.

The programme, which is offered in the form of digital securities, offers investors interest rates that’re higher than...(click on link for full story on theedgesingapore.com)