Raffles Education Expands Bond Issuance Strategy

Raffles Education (SG:NR7) has released an update.

Raffles Education Limited has announced a new subscription agreement for the issuance of S$750,000 worth of unlisted, non-convertible bonds to two investors. This development is part of the company’s ongoing bond issuance strategy, aiming to raise up to S$20 million to enhance its financial position. The investors have committed to the bonds strictly for investment purposes, without any intent to influence the company’s management.

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