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Raffles Education ( (SG:NR7) ) has shared an update.
Raffles Education Limited has announced a proposal to issue unlisted, non-convertible bonds worth up to S$10 million. These bonds, which will bear an interest rate of 10.5% per annum, are intended to raise funds for the company and will be issued under the ‘safe harbour’ exemptions of the Securities and Futures Act 2001 of Singapore. This move is expected to enhance the company’s financial flexibility and support its operational needs.
More about Raffles Education
Raffles Education Limited, incorporated in Singapore, operates in the education sector, focusing on providing educational services and managing educational institutions. The company is part of a group that aims to deliver quality education across various regions.
Average Trading Volume: 116,436
Technical Sentiment Signal: Sell
Current Market Cap: S$59.51M
See more insights into NR7 stock on TipRanks’ Stock Analysis page.