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  • CFSL - Communique - Bonds - 11.05.2023
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CFSL - Communique - Bonds - 11.05.2023

12 May 2023

Further to its communiqué dated 31 March 2023, CFSL is pleased to announce that on 08 May 2023, the Listing Executive Committee of the Stock Exchange of Mauritius Ltd (the ‘SEM’) approved the listing of two new series of notes issued by CFSL on the Official Market of the SEM. The notes were part of a MUR 2,590,200,000 issuance via a private placement to targeted investors under a MUR 9,000,000,000 Medium Term Note Programme.

The salient features of the new series of notes that will be listed are as follows:


CFSL 5.35% 13/03/26

CFSL 5.80% 13/03/28

Nominal Amount

MUR 1,045,300,000

MUR 1,544,900,000

Denomination per Note

MUR 100,000

MUR 100,000

Status of the Notes

Senior unsecured

Senior unsecured

Rate on Government bond






Fixed Coupon Rate



Interest Payment

Semi-annual – 13 March and 13 September

Maturity Date

13 March 2026

13 March 2028

Credit Rating

CARE MAU AA by CARE Ratings (Africa) Private Limited

 Dealing in these securities on the SEM will commence on 22 May 2023 on which day ten (10) notes of each series 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
11 May 2023

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 Directors of CIM Financial Services Ltd (’CFSL’) accepts full responsibility for the accuracy of the information contained in this communiqué.