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