SIGAM Issues Third-Tranche Super & Short-term Commercial Paper (SCP) in 2020
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On October 12, SIG Asset Management Co., Ltd. (SIGAM) issued its third-tranche super & short-term commercial paper (SCP) in 2020.
With a scale of 1 billion yuan, a term of 90 days and a coupon rate of 1.70 percent, the issuance attracted banks, trust companies and other investment institutions.
Amid dramatic fluctuations of market interest rates, SIGAM focused on movements of currency interest rates, conducted in-depth studies and strengthened communication with investment institutions. The final interest rate is far below bank loan rates with the same term.
The raised fund will be used to repay SIGAM's matured SCP, accomplish the smooth connection and orderly rollover of short-term debts, and lay a solid foundation for the company to stay focused on its primary business-investment and support the development of the real economy.
