Friday, 27 June 2025
Further to the communiqué released by CIM Financial Services Ltd (‘CFSL’) on 22 May 2025, CFSL is pleased to announce that on 25 June 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 Notes were part of a MUR 3,000,000,000 issuance via a private placement under a MUR 9,000,000,000 Medium Term Note Programme.
The salient features of the notes issued that will be listed are as follows:
Series Name |
CFSL1 6.10% 21/05/28 |
Currency |
MUR |
Nominal Amount |
MUR 2,000,000,000 |
Status of the Notes |
Senior Unsecured |
Rate on Government Securities |
5.45% |
Spread |
0.65% |
Fixed Coupon Rate |
6.10% |
Issue Date |
21 May 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 1,000,000,000 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 02 July 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
27 June 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.