ValueMax issues new commercial papers on ADDX Exchange

The 3-month Series 016 is priced at 3.55% per annum.

ValueMax Group Limited has launched two new commercial paper issuances on the ADDX Exchange.

The company introduced its sixteenth series of 3-month commercial paper (Series 016), priced at 3.55% per annum, with maturity in approximately three months.

Alongside, it issued the ninth series of 6-month commercial paper (Series 009), priced at 3.60% per annum, maturing in about six months.

ValueMax expects to raise $10m–$50m from the 3-month issuance and $5m–$25m from the 6-month issuance. The offerings are open to accredited and institutional investors.

The company said further announcements will be made on any material developments.