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

Felicia Tan
Felicia Tan5/4/2021 12:40 AM GMT+08  • 2 min read
CGS-CIMB and iSTOX launch $150-mil digital commercial paper programme
According to iSTOX, commercial papers represent the “next rung of the ladder” in terms of yield for investors.
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CGS-CIMB and iSTOX have announced the launch of a $150-million digital commercial paper programme.

Commercial papers are short-term corporate debt. They form a US$1 trillion ($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 bank fixed deposits.

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