MoneyMax prices RM200 million 3-year fixed-rate notes at 5.7%

[SINGAPORE] A wholly owned subsidiary of pawnbroker and gold retailer MoneyMax Financial Services has priced RM200 million (S$62.7 million) in three-year fixed-rate notes at 5.7 per cent. 

The issue is part of the company’s RM500 million medium-term note programme. 

The notes will be issued on Jun 25, 2026, and mature on Jun 25, 2029. 

Of the proceeds, RM100 million will be deposited into the trustee’s reimbursement account, MoneyMax said in a bourse filing on Thursday (Jun 25).

The remainder will go towards funding its minimum required balance, to defray fees and expenses related to the medium-term note programme, and to fund its subsidiary Cash Online’s working capital. 

Separately, MoneyMax announced that its shares have been included under the Central Provident Fund Board’s CPF Investment Scheme.

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The scheme provides members with the option to invest their CPF savings in various instruments, such as insurance products, fixed deposits and shares. 

MoneyMax shares closed at S$0.775 on Thursday, down 2.5 per cent or S$0.02, before the news.