ValueMax T6I has launched the ninth series of its three-month commercial paper (CP) and the second series of its 4-month CP, both in digital securities and on the ADDX Exchange.
The company expects to raise between $10 million and $50 million for the three-month digital securities and between $5 million and $20 million for the four-month digital securities from accredited and institutional investors.
The three-month digital securities are priced at 5.0% per annum and mature three months from the date of issuance while the four-month variant is also priced at 5.0% per annum, maturing four months from the date of issuance.
Shares in ValueMax closed flat at 32.5 cents on Dec 7.
