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Formal Notice of CFSL - 16.10.2020

16 octobre 2020

Further to the communiqué issued on 10 July 2020 referencing the successful issuance of MUR 3,000,000,000 of debt instruments (the ‘Notes’) via a Private Placement under the MUR 3,000,000,000 Medium Term Note Programme, the holders of the Notes of CIM Financial Services Ltd (‘CFSL’ or the ‘Company’) and the public at large are hereby informed that the Listing Executive Committee of the Stock Exchange of Mauritius Ltd (SEM) has on 30 September 2020 approved the application to list the Notes of CFSL on the Official Market of the SEM by way of Private Placement.

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

 

 

CFSL 2.50% 31/07/2021

 

CFSL 3.30% 31/07/2023

 

CFSL 4.00% 31/07/2025

 

CFSL 4.75% 31/07/2030

Nominal Amount

MUR 911,300,000

MUR 749,000,000

MUR 1,059,200,000

MUR 280,500,000

Denomination per Note

MUR 100,000

MUR 100,000

MUR 100,000

MUR 100,000

Status of the Notes

Senior & Unsecured

Senior & Unsecured

Senior & Unsecured

Senior & Unsecured

Interest Rate

Fixed Rate of 2.50 %

Fixed Rate of 3.30%

Fixed Rate of 4.00%

Fixed Rate of 4.75%

Issue Date

31 July 2020

Interest Payment

Semi-annual – January & July

Maturity Date

31 July 2021

31 July 2023

31 July 2025

31 July 2030

 

Dealing in these securities on the Stock Exchange of Mauritius will commence on 30 October 2020 on which day 50 Notes of each Series will be made available for trading at an indicative price of MUR 100,000 per Note (the indicative price 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 and any decision to do so should be done only after consideration of the information contained in the Listing Particulars and by consulting an Independent Financial Adviser.

The Listing Particulars of CFSL will be published on the website of the Company and will be available to the public free of charge at the registered office of CIM Financial Services Ltd at c/r Edith Cavell & Mère Barthélemy Streets, Port Louis, Mauritius.

PLEION Corporate Finance Ltd was the Sole Arranger for this transaction.


By Order of the Board
CIM Administrators Ltd
Company Secretary
16 October 2020


This Communiqué 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 the Company accepts full responsibility for the accuracy of the information contained in this communiqué.