State-owned mobile network operator, Singapore Telecommunications Singtel has announced the pricing of a $100 million, five-year digital sustainability-linked bond SLB, through its wholly owned subsidiary, Singtel Group Treasury SGT.
The entire bond will be tokenised on digital securities exchange, ADDX. Tokenised, or digital, bonds are issued on blockchain and leverage smart contract technology to eliminate the manual processes throughout the life cycle of a security, including issuance, distribution, custody and post-trade servicing.
“Tokenised securities are more efficient from both a cost and time perspective, because they eliminate manual processes and reduce the number of intermediaries needed for an issuance,” explained Oi-Yee Choo, CEO of...
