Moneymax Financial Services to Raise Over SG$70 Million Through Digital Securities; Shares Up 3%
MT Newswires
Nov 28
Moneymax Financial Services (SGX:5WJ) launched a second series of unsecured commercial paper on the ADDX Exchange, targeting to raise between SG$50 million and SG$70 million, according to an after-market filing with the Singapore Exchange on Friday.
The bonds will bear an interest rate of 4% per year and will mature on a date falling on the expiry of three months from the date of issuance.
Shares of the pawnbroker and retailer of gold, diamond and other luxury goods were up nearly 3% at the close of trading on Friday.
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