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ValueMax to raise up to $75 mil through three-month SDAX, ADDX commercial papers

Khairani Afifi Noordin
Khairani Afifi Noordin • 1 min read
ValueMax to raise up to $75 mil through three-month SDAX, ADDX commercial papers
The digital securities are priced at 4.95% per annum.
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ValueMax has launched the fifth series of its 3-month commercial paper (CP) in digital securities under the CP programme on the SDAX platform on June 11.

The company expects to raise between $20 million and $50 million from accredited and institutional investors.

The digital securities are priced at 4.95% per annum and will mature three months from the date of issuance.

Separately, ValueMax T6I -

has also launched the eleventh series of its 3-month CP in digital securities under the CP programme on the ADDX Exchange. 

The company expects to raise between $10 million and $25 million from accredited and institutional investors. 

The digital securities are also priced at 4.95% per annum and will mature three months from the date of issuance.

See also: Arta Finance receives capital markets services licence from MAS; launches in Singapore

Shares in ValueMax closed 0.5 cents higher or 1.28% up on June 11 at 39.5 cents.

 

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