ValueMax has launched the second series of its 3-month commercial paper (CP) in digital securities under the CP Facility Programme on the SDAX 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.
The company had previously launched the eight series of its 3-month digital commercial paper under the CP Programme on the ADDX Exchange on Sept 12.
Shares in ValueMax closed at an unchanged 31.5 cents on Sept 15.
