Commercial Paper

We open funding possibilities, without bank financing

Commercial Paper is a short-term private debt instrument that enables issuing companies to finance themselves directly in the market without having to resort to bank financing.

  • Commercial Paper is issued for a period shorter than 1 year and usually has a 5-year tenor, automatically renewable for identical periods, unless terminated by either party 30 days before expiry of the then current annual period.
  • For the investor, the return on the Commercial Paper is the Interest. Thus, Commercial Paper may be issued at a discount with interest paid at regular intervals, and the rate may be fixed or floating.
  • Tax Savings – Exemption from stamp tax over interest and the sum used;
  • Flexibility in Treasury Management – Credit solution that makes it possible to adjust the tenor of the issue to the company’s working capital needs, early termination being possible;
  • Accessibility – Source of funds accessible to small and medium-sized enterprises;
  • Greater Proximity to the Market – Issuing companies become better known, it being easier to launch long-term securities.

Apply by email to [email protected]