Vin's Launches SG$20 Million Commercial Bond Program

MT Newswires

01/12

Vin's (SGX:VIN) launched a SG$20 million multicurrency short-term unsecured and unsubordinated commercial bonds program in digital securities, according to a Monday filing with the Singapore Exchange.

The commercial papers will be issued on platforms operated by the SDAX Exchange and SDAX Capital Markets.

Further, the automotive sales and services company launched its inaugural issue on the same day, looking to raise between SG$3 million and SG$5 million.

The commercial papers will have an interest rate of 4.1% per year with a 91-day tenure.

Proceeds from the bonds will be used for general working capital needs.

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