It is offered for subscription only to accredited and institutional investors at an interest rate of 4.1% p.a. with a tenor of 91 days.
Vin’s Holdings is expecting to raise between $3 million to $5 million from the launch of its $20 million multicurrency short-term unsecured and unsubordinated commercial paper facility programme.
As part of this programme, Vin’s has announced the inaugural issue of the commercial papers, known as the 3-month SGD Commercial Paper Series 001.
