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GSH Corp raises $22.1 mil after closing of issue of commercial papers

Felicia Tan
Felicia Tan12/17/2022 06:30 PM GMT+08  • 2 min read
GSH Corp raises $22.1 mil after closing of issue of commercial papers
Shares in GSH Corporation closed flat at 16.5 cents on Dec 16.
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GSH Corporation has raised a total of $22.12 million across all three issuances of its commercial papers (CP) under the CP facility programme.

On Nov 24, GSH Corporation announced that it had launched its second issue under the programme for a tenor of 90 days at an interest rate of 5.3% per annum (p.a.), or known as the G002 issue. The company also launched its third and fourth issues under the same programme for tenors of 181 days and 363 days respectively at interest rates of 5.4% p.a. and 5.6% p.a. respectively. The third and fourth issues are referred to as the G601 and G121 issues.

At the time, the company had said that it expected to raise a minimum of $10 million for the issues.

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