ValueMax (SGX:T6I) launched six-month digital securities commercial paper on the ADDX Exchange - blockchain-powered digital securities and private market exchange in Singapore.
The digital securities will be priced at an annual interest rate of 3.5%, according to a Thursday filing with the Singaporean bourse.
The pawnbroking chain expects to raise between SG$5 million and SG$25 million from accredited and institutional investors.
The commercial paper will mature approximately six months from its issuance date.
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