MoneyMax unit issues S$30m notes, adds change-of-control protection

MoneyMax Financial Services Ltd. ( (SG:5WJ) ) has shared an announcement.

MoneyMax Treasure Pte. Ltd., a wholly-owned subsidiary of MoneyMax Financial Services, has issued S$30 million of 5.00 per cent fixed rate notes due 2028 under its S$500 million multicurrency medium term note programme, with the notes guaranteed by the parent company and to be consolidated with S$100 million of existing 2028 notes. The new tranche, arranged by DBS Bank and expected to list on the Singapore Exchange on 22 May 2026, includes a change-of-control redemption feature tied to the Lim family’s majority ownership, potentially affecting up to S$130 million of notes if triggered and underscoring investor protections around the group’s controlling shareholders.

The issuance of this additional S$30 million tranche further deepens MoneyMax’s presence in the Singapore dollar bond market and broadens its funding base under the established medium term note programme. By embedding a change-of-shareholding covenant that allows investors to redeem notes if the Lim family loses majority control, the structure aims to reassure bondholders about continuity of ownership and governance, while also signalling the importance of the founding shareholders to the group’s credit profile.

More about MoneyMax Financial Services Ltd.

MoneyMax Financial Services Ltd., incorporated in Singapore, operates in the financial services industry through subsidiaries such as MoneyMax Treasure Pte. Ltd. The group utilises a multicurrency medium term note programme to raise funding in the capital markets, supporting its broader financing needs and strategic growth plans in its core businesses.

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