Vin's Launches SG$20 Million Commercial Bond Program
MT Newswires
Jan 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.