ValueMax has launched the eight series of its 3-month commercial paper (CP) in digital securities under the CP Programme on the ADDX Exchange.
The company expects to raise between $20 million and $50 million from accredited and institutional investors.
The digital securities are priced at 5.1% per annum and mature three months from the date of issuance.
Shares in ValueMax closed flat on Sept 12 at 31.5 cents.
