Crowdfunding platform FundedHere to aid SGX-listed firms access short-term bonds

Singapore-based equity and debt crowdfinance platform FundedHere will be the first crowdfunding platform in Singapore, if not the Asia Pacific (APAC), to aid corporations listed on the Singapore Exchange (SGX) raise funds via short-term bonds of up to S$5 million (US$3.71 million), with an annual coupon of approximately 9 per cent.

In a move aimed at  enhance the liquidity available to firms on the Singapore bourse, FundedHere, which received its Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS) on 18 March 2016, will let Mainboard-listed corporations crowdsource funds via these short-term bonds. These bonds will not require the issue of a prospectus, according to FundedHere.