NEW ISSUE ANNOUNCEDBOND COMPLEXITY : MODERATE
VMAXSP 10Jul2029 Corp (SGD)
Valuemax Group Ltd
Price Guidance
4.250% Area
Tenure
3 Years
Min. Investment (Nominal)
SGD 250,000
Credit Rating (Bond)
BB
Non-Investment Grade
Seniority
Unsecured
Investor Profile
High Yield Seeker
Bond Information
Bond Issuer
Valuemax Group Ltd
Guarantor
-
Annual Coupon Frequency
Semi Annually
Issue Date
09 Jul 2026
Maturity Date
09 Jul 2029
Years To Maturity
3.029
Coupon Type
Fixed
Issue Size
SGD Benchmark
Seniority
Unsecured
Exchange Listed
bond.exchange.listed.sgx
Reference Rate
-
Bond Currency
SGD
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Consumer Finance
Issuer Credit Rating (S&P/ Fitch)
*** / BB
Bond Credit Rating (S&P/ Fitch)
*** / BB
Shariah Compliant
No
W-8BEN Declaration needed 
No
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Note

For Institutional investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore (the “SFA”)) pursuant to Section 274 of the SFA or an accredited investor (as defined in Section 4A of the SFA) pursuant to and in accordance with the conditions specified in Section 275 of the SFA and (where applicable) Regulation 3 of the Securities and Futures (Classes of Investors) Regulations 2018.

Bond Feature(s)
Redemption at the Option of the Noteholders upon Cessation or Suspension of Trading of Shares:

In the event that (i) the shares of the Issuer cease to be traded on the SGX-ST or (ii) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven market days, the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to the date fixed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date falling 30 days after the Effective Date. The Issuer shall within seven days after the Effective Date, give notice to the Trustee, the Issuing and PayingAgent and the Noteholders of the occurrence of the event specified in Condition 6(g) (provided that any failure by the Issuer to give such notice shall not prejudice any Noteholder of such option).

“Effective Date” means (where the shares of the Issuer cease to be traded on the SGX-ST) the date of cessation of trading or (where trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven market days) the business day immediately following the expiry of such continuous period of seven market days; and

“market day” means a day on which the SGX-ST is open for securities trading.
Redemption at the Option of the Noteholders upon Change of Shareholding Event:

If, for any reason, a Change of Shareholding Event occurs, the Issuer will within seven days of such occurrence (the “Transfer Date”) give notice to the Noteholders of the occurrence of such event and shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fixed for redemption, on the date falling 30 days from the Transfer Date (or if such date is not a business day, on the next day which is a business day).

“Change of Shareholding Event” occurs when Yeah Hiang Nam and the Immediate Family Members cease to own in aggregate (whether directly or indirectly) at least 51 per cent. of the issued share capital for the time being of the Issuer; and “Immediate Family Members” means the father, mother, siblings, wife, son(s) and daughter(s) of Mr Yeah Hiang Nam.
Related Documents
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Offering Circular
S$300,000,000 Multicurrency Medium Term Note Programme (the “Programme”). Information Memorandum Dated 5 June 2026
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Preliminary Pricing Supplement
S$[TBD],000,000 [TBD] Per Cent. Notes Due[TBD]. Preliminary Pricing Supplement Dated 30 June 2026
FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.
  3. All orders submitted will be an indication of interest (IOI).

Closing Date: 30 Jun 2026 9:30:00 AM
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