Vin’s launches retail commercial paper at 4.5%

Offering targets $1m to $2m.

Vin’s Holdings has launched a six-month Singapore dollar commercial paper offering for retail investors on the SDAX Exchange platform, marking its first such retail series in digital securities.

The instrument, named Vin’s 6-month SGD Commercial Paper Series 001 (Retail), carries a tenor of 181 days and an interest rate of 4.50% per annum.

The company said it expects to raise between $1m and $2m from the offer, although the final amount may be adjusted at the board’s discretion after taking retail demand into account.

Vin’s said proceeds from the fundraising will be used for the group’s general working capital.

The launch comes under the SDAX Multicurrency CP Programme and follows the company’s earlier announcements on 12 January and 23 January.

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