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MoneyMax Financial Services Unit Issues First Tranche of MYR500 Million Bonds Program

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MoneyMax Financial Services' (SGX:5WJ) subsidiary, MoneyMax Treasure, issued 200 million ringgit worth of bonds carrying an interest rate of 5.70% per year, according to a Thursday filing with the Singapore Exchange.

The unsecured bonds will mature on June 25, 2029, with proceeds to fund the minimum required balance and to defray fees and expenses in relation to the bonds, along with working capital needs.

The issue is the first tranche of the company's 500 million ringgit medium-term bonds program.

Kenanga Investment Bank was nominated as the principal adviser, lead arranger, lead manager and facility agent of the bonds.

The bonds will not be offered in Singapore, the filing said.

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