FundedHere to help Metech raise $2 mil through bond issue

SINGAPORE (Nov 29): Metech International will be the first listed company to raise funds through bonds on homegrown crowdfunding platform, FundedHere.

Metech, the e-waste management solutions provider, aims to issue $2 million worth of bonds at an annual coupon rate of 8% over 24 months. The company will use to proceeds to expand its supply chain business.

SGX’s Central Depository will be used for the bonds issue and bondholders will receive interest payments in their CDP accounts.

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