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

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.