By Marisa Wong
Morgantown, W.Va., May 26 – ValueMax Group Ltd. announced it priced S$50 million of 5˝% two-year fixed-rate notes at par.
DBS Bank Ltd. is the lead manager and bookrunner.
The notes will be issued under the company’s S$300 million multicurrency medium-term note program established on April 22.
Proceeds will be used for general corporate purposes, including refinancing of existing borrowings and financing investments, acquisitions or general working capital.
ValueMax operated pawnshops and is based in Singapore.
| Issuer: | ValueMax Group Ltd.
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| Issue: | Fixed-rate notes
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| Amount: | S$50 million
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| Maturity: | June 6, 2018
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| Coupon: | 5˝%
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| Price: | Par
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| Yield: | 5˝%
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| Bookrunner: | DBS Bank Ltd.
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| Announcement date: | May 26
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| Settlement date: | June 6
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