What is a Commercial Paper?
Commercial Paper is a short-term, unsecured debt instrument issued by creditworthy corporations and financial institutions. Companies issue commercial paper as a cost-effective alternative to bank loans, enabling them to manage short-term liquidity requirements.
Why Invest in Commercial Papers?
Short-Term Investment
An attractive option for investors seeking liquidity and flexibility, due to their short maturities (1 – 12 months).
Higher Yields
Offers a fixed interest rate with a yield that is often higher than savings accounts or government securities like Treasury Bills.
Consistent Source of Income
Provides a consistent source of income for investors seeking short-term opportunities with potentially higher yields. With fixed interest payments and a predetermined maturity, they often offer reliable returns within a specific time frame.
Creditworthy Issuers
Issued by companies which are publicly listed and/or have strong credit ratings. The financial information about the issuer is disclosed, providing investors confidence in the issuer’s ability to repay.
Diversification
Delivers portfolio diversification by providing exposure to corporate debt, distinct from other asset classes like public equities and bonds.
Risks of Investing in Commercial Paper
Credit Risk: While commercial paper is generally issued by reputable and creditworthy companies, it remains an unsecured instrument. There is no collateral and carries the risk of issuer default. Investors should therefore carefully assess the financial health and creditworthiness of the issuing company before committing to such investments.
Who Can Invest in Commercial Paper?
Commercial paper has traditionally been issued in large denominations available only to institutional investors and accredited investors.
SDAX is breaking tradition, making commercial paper accessible to retail investors, enabling them to invest with just S$1,000!
Institutions
Accredited Investors
Retail Investors
A Typical Commercial Paper Return Profile
3% to 6%
coupons
1 to 12 month
maturities
SGD and USD
currencies
Meet Our Issuer Companies
At SDAX, we take pride in partnering with reputable issuers, prioritising strong risk-adjusted returns. Our stringent selection process ensures that investors gain access to vetted, high-quality investment opportunities backed by strong fundamentals. Meet the companies that have passed our rigorous due diligence process.
Past Investments Showcase
SDAX has successfully raised over S$650 million in Commercial Papers to-date, securing one of the largest market shares in Singapore. Below is a showcase of our past commercial papers, reflecting the diversity and strength of the issuances facilitated through our platform.
ValueMax 3-month SGD Commercial Paper Series 011
About the Issuer ValueMax Group Limited (UEN: 200307530N) and its subsidiaries (the “Group”) provides pawnbroking and moneylending services as well as the retail and trading of pre-owned jewellery and gold. […]
- Loan Quantum: SGD 46,760,000
- Tenor: 91 days
- Gross Returns (p.a.): 3.50%
- Minimum Investment: SGD 10,000
ISOTeam 3-month SGD Commercial Paper Series 003
About the Issuer ISOTeam Ltd. (UEN: 201230294M) and its subsidiaries (“ISOTeam”) are established specialists in Singapore’s building maintenance and estate upgrading sector. ISOTeam provides an integrated suite of services, including […]
- Loan Quantum: SGD 7,540,000
- Tenor: 91 days
- Gross Returns (p.a.): 4.00%
- Minimum Investment: SGD 10,000
CSC 3-month SGD Commercial Paper Series 009
About the Issuer CSC Holdings Limited (UEN: 199707845E) and its group of companies (“Group”) is Singapore’s leading foundation and geotechnical engineering specialist and the region’s leading ground engineering solutions provider […]
- Loan Quantum: SGD 7,590,000
- Tenor: 90 days
- Gross Returns (p.a.): 4.30%
- Minimum Investment: SGD 10,000
CSC 6-month SGD Commercial Paper Series 005
About the Issuer CSC Holdings Limited (UEN: 199707845E) and its group of companies (“Group”) is Singapore’s leading foundation and geotechnical engineering specialist and the region’s leading ground engineering solutions provider […]
- Loan Quantum: SGD 6,470,000
- Tenor: 182 days
- Gross Returns (p.a.): 4.60%
- Minimum Investment: SGD 10,000
GSH 3M (91-day) SGD Commercial Paper Series 007
About the Issuer GSH Corporation Limited (UEN: 200106139K) has been listed on the Mainboard of the Singapore Exchange since 2003. GSH Corporation Limited and its subsidiaries (collectively, the “Group”) is […]
- Loan Quantum: SGD 3,160,000
- Tenor: 91 days
- Gross Returns (p.a.): 4.00%
- Minimum Investment: SGD 10,000
GSH 6M (182-day) SGD Commercial Paper Series 007
About the Issuer GSH Corporation Limited (UEN: 200106139K) has been listed on the Mainboard of the Singapore Exchange since 2003. GSH Corporation Limited and its subsidiaries (collectively, the “Group”) is […]
- Loan Quantum: SGD 630,000
- Tenor: 196 days
- Gross Returns (p.a.): 4.20%
- Minimum Investment: SGD 10,000
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ValueMax 3-month SGD Commercial Paper Series 011
About the Issuer ValueMax Group Limited (UEN: 200307530N) and its subsidiaries (the “Group”) provides pawnbroking and moneylending services as well as the retail and trading of pre-owned jewellery and gold. The Group’s first pawnbroking outlet was established in 1988, providing pawnbroking services and the retail and trading of pre-owned jewellery
MPMR 6-month USD Secured Medium Term Note Series 003
About the Issuer Muscat Precious Metals Refining Company LLC (registration number: 1455743, “MPMR”) was incorporated in the Sultanate of Oman on 6 November 2022, and operates a precious metal refinery in Oman. MPMR is currently the only licensed refinery in Oman and it can refine up to 50 kilograms of
ISOTeam 3-month SGD Commercial Paper Series 003
About the Issuer ISOTeam Ltd. (UEN: 201230294M) and its subsidiaries (“ISOTeam”) are established specialists in Singapore’s building maintenance and estate upgrading sector. ISOTeam provides an integrated suite of services, including Repairs and Redecoration, Addition and Alteration works, as well as Coating and Painting solutions, delivered through a network of specialised
MPMR 6-month SGD Secured Medium Term Note Series 007
About the Issuer Muscat Precious Metals Refining Company LLC (registration number: 1455743, “MPMR”) was incorporated in the Sultanate of Oman on 6 November 2022, and operates a precious metal refinery in Oman. MPMR is currently the only licensed refinery in Oman and it can refine up to 50 kilograms of
CSC 3-month SGD Commercial Paper Series 009
About the Issuer CSC Holdings Limited (UEN: 199707845E) and its group of companies (“Group”) is Singapore’s leading foundation and geotechnical engineering specialist and the region’s leading ground engineering solutions provider for private and public sector works which include residential, commercial, industrial and infrastructure projects. Founded in 1975, it has been
CSC 6-month SGD Commercial Paper Series 005
About the Issuer CSC Holdings Limited (UEN: 199707845E) and its group of companies (“Group”) is Singapore’s leading foundation and geotechnical engineering specialist and the region’s leading ground engineering solutions provider for private and public sector works which include residential, commercial, industrial and infrastructure projects. Founded in 1975, it has been
