Friday, 15 August 2025
Further to the communiqué released by CIM Financial Services Ltd (‘CFSL’) on 22 May 2025, CFSL is pleased to announce that, on 01 August 2025, it has issued MUR 1,000,000,000 of notes under its MUR 9,000,000,000 Medium Term Note Programme set out in the listing particulars dated 15 November 2024 (the ‘Listing Particulars’).
On 15 August 2025, the Listing Executive Committee of The Stock Exchange of Mauritius Ltd (the ‘SEM’) approved the listing of a new series of notes issued by CFSL on the Official Market of the SEM.
The salient features of the notes issued that will be listed are as follows:
Series Name |
CFSL2 6.10% 21/05/28 |
Currency |
MUR |
Nominal Amount |
MUR 570,000,000 |
Status of the Notes |
Senior unsecured |
Rate on Government Securities |
5.45% |
Spread |
0.65% |
Fixed Coupon Rate |
6.10% |
Issue Date |
01 August 2025 |
Interest Commencement Date |
01 August 2025 |
Interest Payment |
Semi annual – Each 21 May and 21 November |
Maturity Date |
21 May 2028 |
Credit Rating |
CARE MAU AA+ by CARE Ratings (Africa) Private Limited |
An additional MUR 430,000,000 of notes were issued and will not be listed.
The Notes are rated AA+ with a stable outlook by CARE Ratings (Africa) Private Limited (‘CARE’). CARE is a credit rating agency licensed by the FSC Mauritius.
Dealing in these securities on the SEM will commence on 22 August 2025 on which day twenty (20) notes will be made available for trading at an indicative price of MUR 100,000 per note (the indicative prices will be adjusted to the nearest tick size as per Trading Procedures).
This formal notice appears for information purposes only and does not constitute an invitation or offer to acquire or purchase securities of CFSL.
Copies of the Listing Particulars and the Applicable Pricing Supplements for the notes to be listed are available for inspection during normal office hours (from 09:00 hours to 17:00 hours Mauritian time) at CFSL’s registered office.
By order of the Board
Cim Administrators Ltd
Company Secretary
15 August 2025
This communiqué is issued pursuant to SEM Listing Rules 10.4 and 11.3 and part 5.1 of the Guidelines for Issue of Corporate and Green Bonds in Mauritius.
The Board of CFSL accepts full responsibility for the accuracy of the information contained in this communiqué.