ValueMax Group (SGX:T6I) has launched two new series of three-month commercial papers, according to a Tuesday filing on the Singapore Exchange.

The company introduced the seventh series on the SDAX Exchange and the thirteenth series on the ADDX Exchange, both priced at 4.5% per annum.

The issuances are expected to raise between SG$10 million and SG$50 million from accredited and institutional investors, with both series maturing in nearly three months.