CFSL Communique - 22.05.2025

Further to the communiqué released by CIM Financial Services Ltd (‘CFSL’) on 13 February 2025, the Board of Directors (the ‘Board’) of CFSL wishes to inform investors and the public in general that the debt capital market transaction to raise up to MUR 3,000,000,000 via the issuance of four tranches of notes under the MUR 9,000,000,000 medium term note programme (the ‘MUR 9,000,000,000 Programme’) set out in the listing particulars dated 15 November 2024 (the ‘Listing Particulars’) has been successful. As a result, two tranches of notes totalling MUR 3,000,000,000 have been issued on 21 May 2025 (MUR 2,000,000,000 issuance and MUR 1,000,000,000 oversubscription).

Given the significant oversubscription from investors for the four tranches of debt being issued, the Board has approved on 19 May 2025 to increase the total issuance size of the four tranches to up to MUR 4,000,000,000 with the aim of accommodating the significant interest from investors. Due to this increased issue size, the planned issuance in August will be for a nominal amount of MUR 1,000,000,000 through the issuance of two tranches of notes on 01 August 2025.

The Notes issued 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.

By order of the Board
Cim Administrators Ltd
Company Secretary
22 May 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.