Singapore telecoms firm Singtel has issued a $100 million US dollar denominated tokenized bond on the ADDX digital securities exchange. UOB, Singapore’s third largest bank, was the lead manager.
The five-year sustainability-linked bond is issued by Singtel Group Treasury, a wholly-owned Singtel subsidiary.
“The market now is trending towards asset tokenisation and there is an increasing interest from our clients to digitalise their assets,” said Frederick Chin, Head of Group Wholesale Banking and Markets, UOB.
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