Yongmao Holdings launches $20m multicurrency programme

It also launched its inaugural issue at a 5.3% interest rate per annum.

Yongmao Holdings Ltd. has introduced a new $20m multicurrency commercial paper facility programme, known as the SDAX Multicurrency CP Programme, on the SDAX digital platform.

The programme will issue digital securities, which will be operated by SDAX Exchange.

As part of this, Yongmao has also launched its inaugural issue under the programme at a 5.3% interest rate per annum, which will mature approximately three months after issuance.

The company expects to raise between $2m to $4m from accredited and institutional investors through this inaugural issue.

Yongmao will provide further updates on material developments related to the SDAX Multicurrency CP Programme and the three-month Series 001 SDAX issuance.