MoneyMax has launched its Series 008 tokens under its $100 million unsecured commercial paper programme.
The tokens will bear an interest rate of 5.25% per annum and will mature three months from the date of issuance.
The company says it expects to raise $15 million to $20 million from the tokens, which will be issued to accredited and institutional investors and listed on the ADDX Exchange.
Shares in MoneyMax closed 0.5 cents lower or 1.96% down at 25 cents on June 4.
