HAPPENINGS

LOCAL vehicle leasing giant Goldbell Group announced the launch of its private debt investment platform Goldbell Evolution Network (GEN) on Friday which seeks to offer yields of between 5-12 per cent returns.

Having obtained the capital markets services licence from the Monetary Authority of Singapore (MAS) in May 2019, the platform will facilitate loans to creditworthy Singapore companies while offering investors an alternative investment opportunity.

Alex Chua, CEO of Goldbell Financial Services, told The Business Times that the minimum investment sum is about S$200,000 and it is currently open to institutional and accredited investors. The loan ticket sizes are generally north of S$20 million with a tenor of about one to two years, with 5-12 per cent annual returns.

Goldbell will curate the investor list as they do not want speculative investors, he said.

“This is not a peer-to-peer lending model, but a co-investment model,” he added.

View Original Article at https://www.businesstimes.com.sg/banking-finance/goldbell-group-launches-private-debt-investment-platform-to-drive-growth-in-local