Straits Trading launches second series of 3-month commercial papers on SDAX

It expects to raise between $5m and $10m.

The Straits Trading Company Limited has launched the second series of its three-month commercial paper under the SDAX CP Facility Programme.

The offering, available only to accredited and institutional investors, offers an interest rate of 3.70% per annum and will mature in approximately three months.

The company expects to raise between $5m and $10m, with the final amount determined based on investor demand.

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