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  • CFSL-Communique-Green Bonds-09.08.2023
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CFSL-Communique-Green Bonds-09.08.2023

10 August 2023

The Board of Directors of CFSL is pleased to announce that:

  1. the company has successfully raised an amount of MUR 2.5Billion for a 4-year period by way of a private placement (the ‘Private Placement’) pursuant to Rule 4(3) of the Securities (Preferential Offer) Rules 2017 issued by the Financial Services Commission; and 
  2. it has approved the issuance of notes for a targeted aggregate nominal amount of up to MUR 1.5Billion (the ‘Notes’) under its existing MUR 9Billion Medium Term Note Programme.

The Private Placement will be rated by Care Ratings (Africa) Private Limited and will not be listed on The Stock Exchange of Mauritius Limited.

The Notes shall qualify as ‘Green Bonds’ under the Guidelines for Issue of Corporate and Green Bonds in Mauritius as revised by the Financial Services Commission in April 2022 and CFSL has mandated IZAR Ltd as transaction advisor for this debt issuance.

By order of the Board
Cim Administrators Ltd
Company Secretary
09 August 2023

This Communique is issued pursuant to Listing Rule 11.3 and Rule 5 of the Securities (Disclosure Obligations of Reporting Issuer) Rules 2007.
The Board of Directors of CIM Financial Services Ltd (’CFSL’) accepts full responsibility for the accuracy of the information contained in this communiqué.