Pawnbroker MoneyMax Financial Services 5WJ has launched its Series 005 Tokens under its commercial paper programme on the ADDX Exchange.
The issuance will bear an interest rate of 5.25% per annum and will mature four months from the date of issuance.
The company expects to raise between $10 million to $15 million from accredited and institutional investors.
Shares in MoneyMax closed flat at 20.5 cents on Nov 1.
