Connect with us

Business

Stock Exchange approves listing of Northfield’s redeemable fixed rate notes

Published

on

Northfields International High School Limited, which owns an educational campus with primary, preparatory and senior schools, has stepped up its game.

It has just announced that the Listing Executive Committee of the Stock Exchange of Mauritius has given its approval to the listing by way of a Private Placement of 250,000 redeemable secured 5.25% fixed rate notes due 2026, at an issue price of Rs1,000/- each representing a total amount of Rs250 million.

The Notes have been issued on September 1, 2021 to qualified investors by way of private placement, and the issue of the Notes has not been underwritten.

The proceeds of the current Note Issue will be used to refinance the existing note, acquire additional school land and buildings.

Bookmark(0)

No account yet? Register

Spread the News
The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.
Click to comment

Leave a Reply

Your email address will not be published.

The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.

Can you support?

Dear Reader,

NewsMoris is a media service that is dependent on support from its readers in the form of subscriptions.

As a startup that was born in and faring through challenging times like these, we need your support now more than ever.

Subscribing for as little as USD10/month is the best way you can support our efforts.

Thank you.