State-owned cell community operator, Singapore Telecommunications Singtel has introduced the pricing of a $100 million, five-year digital sustainability-linked bond SLB, by its wholly owned subsidiary, Singtel Group Treasury SGT.
The whole bond shall be tokenised on digital securities change, ADDX. Tokenised, or digital, bonds are issued on blockchain and leverage good contract know-how to remove the guide 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 guide processes and scale back the variety of intermediaries wanted for an issuance,” defined Oi-Yee Choo, CEO of…
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