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ValueMax to raise up to $70 mil through three and four-month digital commercial papers

Both sets of digital securities are priced at 5% per annum, maturing three and four months from the date of issuance respectively.

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.

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Shares in ValueMax closed flat at 32.5 cents on Dec 7.

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