Vin's Holdings (SGX:VIN) is targeting to raise between SG$3 million and SG$5 million by issuing three-month commercial paper, according to a Wednesday filing with the Singapore Exchange.
The debt securities will carry an interest rate of 4.5% per annum and mature in 91 days. It will be listed on the SDAX Exchange.
The company plans to use the net proceeds from the issue for working capital.
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