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Intraco Ltd. ( (SG:I06) ) just unveiled an update.
Intraco Ltd. has issued a new series of commercial papers in digital securities under its SDAX CP Facility Programme. These include the SGD CP Series 019A Tokens and USD CP Series 014 Tokens, both with a tenor of 54 days and interest rates of 3.8% and 5.0% per annum, respectively, and a six-month SGD CP Series 002 Tokens (Retail) with a tenor of 201 days at 3.5% per annum. The issuance raised significant funds from accredited investors, with a notable portion subscribed by associates of the company’s controlling shareholders. This move underscores Intraco’s strategic focus on leveraging digital securities to enhance its market presence and financial offerings.
More about Intraco Ltd.
Intraco Ltd., incorporated in Singapore, operates in the financial sector, focusing on digital securities and commercial papers. The company engages in issuing commercial papers denominated in Singapore and United States dollars, targeting both accredited and retail investors.
Average Trading Volume: 37,811
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$40.61M
Learn more about I06 stock on TipRanks’ Stock Analysis page.