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  • CFSL-Communique-Listing of Notes -13.10.2023
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CFSL-Communique-Listing of Notes -13.10.2023

13 October 2023

Further to its communiqué dated 9 August 2023, CIM Financial Services Ltd (‘CFSL’) is pleased to announce that on 13 October 2023, 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 1,500,000,000 issuance via a private placement under a MUR 9,000,000,000 Medium Term Note Programme.

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

Series name

CFSL 3.95% 04/11/24

Nominal Amount

MUR 1,100,000,000

Denomination per Note

MUR 100,000

Status of the Notes

Senior unsecured

Rate on 12 Month Government T-bill




Fixed Coupon Rate


Issue Date

4th October 2023

Interest Payment

Semi-annual – 04 May 2024 and 04 November 2024

Maturity Date

04 November 2024

Credit Rating

CARE MAU AA by CARE Ratings (Africa) Private Limited

An additional MUR 400,000,000 of notes were issued and will not be listed.

 CFSL holds an issuer rating of AA by CARE Ratings (Africa) Private Limited (‘CARE’). CFSL has developed its green bond framework in line with the Green Bond Principles developed by the International Capital Markets Authority and the Financial Services Commission’s guidelines for issue of corporate and green bonds in Mauritius. CARE is a credit rating agency licensed by the FSC Mauritius. 

Dealing in these securities on the SEM will commence on 25/10/2023 on which day fifty (50) 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

13 October 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 CFSL accepts full responsibility for the accuracy of the information contained in this communiqué.