By Marisa Wong
Morgantown, W.Va., April 19 – ValueMax Group Ltd. announced it priced S$50 million of 5.1% three-year fixed-rate notes at par.
DBS Bank Ltd. is the lead manager and bookrunner.
The series 2 notes will be issued under the company’s S$300 million multi-currency medium-term note program established on April 22, 2016.
Proceeds will be used for general corporate purposes, including refinancing of existing borrowings, financing of investments, acquisitions or general working capital.
ValueMax operates pawnshops and is based in Singapore.
| Issuer: | ValueMax Group Ltd.
|
| Issue: | Fixed-rate notes, series 2
|
| Amount: | S$50 million
|
| Maturity: | April 26, 2021
|
| Bookrunner: | DBS Bank Ltd.
|
| Coupon: | 5.1%
|
| Price: | Par
|
| Yield: | 5.1%
|
| Announcement date: | April 19
|
| Settlement date: | April 26
|
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