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The latest update is out from MoneyMax Financial Services Ltd. ( (SG:5WJ) ).
MoneyMax Treasure Pte. Ltd., a wholly owned subsidiary of MoneyMax Financial Services Ltd., has launched its third and fourth series of unsecured commercial paper in the form of digital security tokens under its S$200 million unsecured commercial paper programme. Both series are guaranteed by the parent company and will be offered to accredited and institutional investors and listed on the ADDX security token trading platform.
The Series 003 Notes carry a 3.85% annual interest rate, mature in three months, and are expected to raise between S$50 million and S$80 million, while the Series 004 Notes offer 4.25% per annum, mature in 364 days, and are expected to raise between S$20 million and S$50 million, with final amounts subject to the issuer’s discretion. The move underscores MoneyMax’s adoption of digital capital market instruments to diversify funding sources and enhance market access through tokenised securities.
More about MoneyMax Financial Services Ltd.
MoneyMax Financial Services Ltd., incorporated in Singapore, operates in the financial services sector through its wholly owned subsidiary MoneyMax Treasure Pte. Ltd. The group focuses on funding activities via unsecured commercial paper issuances, targeting accredited and institutional investors in the capital markets to support its business and growth objectives.
Average Trading Volume: 1,109,816
Technical Sentiment Signal: Buy
Current Market Cap: S$818.2M
Find detailed analytics on 5WJ stock on TipRanks’ Stock Analysis page.