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Investcorp and ADDX partner to expand use of digital securities in alternative investment space

Short-Term Debt Instrument Issued as Digital Securities by iSTOX and CGS-CIMB Securities International


Short-Term Debt Instrument Issued as Digital Securities by iSTOX and CGS-CIMB Securities International
CGS-CIMB Securities International, an integrated financial service provider based in Asia, and digital securities platform
iSTOX have reportedly issued a short-term debt instrument as digital securities.
The SGD 150-million (appr. $112-million) multi-tranche commercial paper will be used to cover operational costs and near-term obligations of CGS-CIMB. The initial tranche of SGD 10 million has been over-subscribed by accredited investors active on the iSTOX platform.
Investors have been offered a 1% APY over a 3-month period. The complete SGD 150-million program is being carried out by using digital securities, with no traditional issuance taking place. ....

United States , Carol Fong , Yee Choo , Securities International , Point Capital , Group Chief Executive Officer , Chief Commercial Officer , ஒன்றுபட்டது மாநிலங்களில் , கரோல் பொங் , யீ சூ , பத்திரங்கள் சர்வதேச , பாயஂட் மூலதனம் , குழு தலைமை நிர்வாகி அதிகாரி , தலைமை வணிகரீதியானது அதிகாரி ,