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.
Yongmao 3-month SGD Commercial Paper Series 009
About the Issuer Yongmao Holdings Limited (UEN: 200510649K) (“Yongmao”) and its subsidiaries (collectively, the “Group”) has been involved in the design, development and manufacture of a wide range of tower […]
- Loan Quantum: SGD 4,090,000
- Tenor: 91 days
- Gross Returns (p.a.): 3.65%
- Minimum Investment: SGD 10,000
ASLI 6-month SGD Fixed Rate Note Series 003
About the Issuer PT ASLI Pangan Indonesia (“ASLI Pangan”, the “Company” or the “Issuer”) (Business Identification Number: 1112240020796) is a coffee bean trading company specialising in sourcing and distributing Indonesian […]
- Loan Quantum: SGD 1,770,000
- Tenor: 182 days
- Gross Returns (p.a.): 10.80%
- Minimum Investment: SGD 10,000
FS Capital 6-month SGD Commercial Paper Series 001
About the Issuer FS Capital Pte. Ltd. (UEN: 201631787R) (“FS Capital”) is a Singapore-incorporated wholly-owned subsidiary of Funding Asia Group Pte. Ltd. (“FAG” or the “Group” or the “Guarantor”), which operates the Funding Societies […]
- Loan Quantum: SGD 3,960,000
- Tenor: 182 days
- Gross Returns (p.a.): 6.50%
- Minimum Investment: SGD 10,000
ValueMax 3-month SGD Commercial Paper Series 014
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 45,020,000
- Tenor: 91 days
- Gross Returns (p.a.): 3.20%
- Minimum Investment: SGD 10,000
GSH 12-Month SGD Commercial Paper Series 006
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 790,000
- Tenor: 364 days
- Gross Returns (p.a.): 4.45%
- Minimum Investment: SGD 10,000
GSH 6-Month SGD Commercial Paper Series 010B
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 2,000,000
- Tenor: 182 days
- Gross Returns (p.a.): 5.00%
- Minimum Investment: SGD 1,000,000
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Some of Our Completed Listings
Yongmao 3-month SGD Commercial Paper Series 009
About the Issuer Yongmao Holdings Limited (UEN: 200510649K) (“Yongmao”) and its subsidiaries (collectively, the “Group”) has been involved in the design, development and manufacture of a wide range of tower cranes, components and accessories since 1992. Sold mainly to construction equipment distributors and equipment rental companies in overseas markets and
ASLI 6-month SGD Fixed Rate Note Series 003
About the Issuer PT ASLI Pangan Indonesia (“ASLI Pangan”, the “Company” or the “Issuer”) (Business Identification Number: 1112240020796) is a coffee bean trading company specialising in sourcing and distributing Indonesian coffee beans to established international buyers. ASLI Pangan and PT ASLI Satu Indonesia (“ASLI Satu” or the “Corporate Guarantor) are
FS Capital 6-month SGD Commercial Paper Series 001
About the Issuer FS Capital Pte. Ltd. (UEN: 201631787R) (“FS Capital”) is a Singapore-incorporated wholly-owned subsidiary of Funding Asia Group Pte. Ltd. (“FAG” or the “Group” or the “Guarantor”), which operates the Funding Societies regional SME digital finance platform. FS Capital serves as the Group’s primary operating and capital deployment entity, raising on-balance-sheet debt
ValueMax 3-month SGD Commercial Paper Series 014
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
GSH 12-Month SGD Commercial Paper Series 006
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 a growing property developer in Southeast Asia, with properties under development in Malaysia and China. The Group’s hospitality segment includes
GSH 6-Month SGD Commercial Paper Series 010B
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 a growing property developer in Southeast Asia, with properties under development in Malaysia and China. The Group’s hospitality segment includes