ValueMax Group expands fund raising efforts by launching three different commercial papers on the ADDX Exchange and the SDAX Exchange on Mar 6. It aims to raise about $25-$120 million across all notes.
The pawn brokering firm launched the fourteenth series of its 3-month commercial paper in digital securities (3-month Series 014 Issuance) and the seventh series of its 6-month
commercial paper in digital securities (6-month Series 007 Issuance) on the ADDX platform.
The 3-month Series 014 Issuance is priced at 4.3% per annum, and matures about three months from the date of issuance, while the 6-month Series 007 Issuance is priced at 4.3% p.a., and matures six months from the date of issuance.
ValueMax aims to raise between $10-$50 million for its three months series notes, and $5-$20 million for its six months notes.
On the SDAX Exchange, ValueMax has launched the eight series of its 3-month commercial paper in digital securities. It is priced at 4.3% p.a., and matures about three months from date of issuance.
The company similarly expects to raise between $10-$50 million under these notes.
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Shares in ValueMax closed 1 cent lower or 2.041% down at 48 cents on Mar 6.
