-- Sanli Environmental (SGX:1E3) is targeting to raise between SG$3 million and SG$5 million from the issuance of six-month series 2 commercial bonds on the ADDX Exchange, according to a Wednesday filing with the Singapore Exchange.
The bonds will have an interest rate of 5.5% per annum, the filing said.
Proceeds raised from the issuance will be used to support working capital needs.
Shares of the wastewater management company were down over 2% in Wednesday trading.