State-owned cellular community operator, Singapore Telecommunications Singtel has introduced the pricing of a $100 million, five-year digital sustainability-linked bond SLB, via its wholly owned subsidiary, Singtel Group Treasury SGT.
The complete bond will likely be tokenised on digital securities alternate, ADDX. Tokenised, or digital, bonds are issued on blockchain and leverage sensible contract know-how to remove the handbook processes all through the life cycle of a safety, together with issuance, distribution, custody and post-trade servicing.
“Tokenised securities are extra environment friendly from each a value and time perspective, as a result of they remove handbook processes and cut back the variety of intermediaries wanted for an issuance,” defined Oi-Yee Choo, CEO of…
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