Vin’s Holdings Launches S$20 Million Digital Commercial Paper Programme on SDAX

Vin’s Holdings Ltd ( (SG:VIN) ) has provided an update.

Vin’s Holdings Ltd has established a new S$20 million multicurrency commercial paper programme structured entirely as digital securities, to be issued and listed on SDAX Exchange’s and SDAX Capital Markets’ digital platforms, allowing the firm to raise short-term funding from both accredited and institutional investors, as well as retail investors, depending on the tranche. As its first transaction under this framework, the company has launched a 91-day Singapore dollar commercial paper issue, offered to accredited and institutional investors at 4.1% per annum, from which it expects to raise between S$3 million and S$5 million to support general working capital needs, including repayment of existing loans and interest, signalling a deeper shift toward digital debt markets and diversified funding sources.

More about Vin’s Holdings Ltd

Vin’s Holdings Ltd, incorporated in the Cayman Islands, operates as a corporate issuer tapping capital markets through short-term, unsecured and unsubordinated commercial paper. The group targets both accredited and institutional investors as well as retail investors via licensed digital securities platforms operated by SDAX Exchange and SDAX Capital Markets in Singapore.

Average Trading Volume: 48,790

Technical Sentiment Signal: Strong Sell

Current Market Cap: S$35.4M

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