SEM approves listing of USD30million notes of Meridian CRV Limited

The Listing Executive Committee of the Stock Exchange of Mauritius Ltd (SEM) has given its approval to the listing on the Official Market by way of Private Placement of up to USD 30 Million Notes of Meridian CRV Limited (MCL), which will be issued as the first tranche under its USD 100 Million Note Programme.

MCL is a public company incorporated in Mauritius on July 29, 2021. MCL was incorporated as a special purpose vehicle for the purpose of issuing the Notes and is a fully-owned subsidiary of Meridian Consolidated Investment Ltd, which manufactures, distributes and trades in agricultural commodities.

The first day of listing will be communicated by MCL. It is not expected that an active secondary market will develop in the above Notes of MCL on the Official Market.

The Programme Memorandum and Applicable Pricing Supplement of MCL are available on the website of the SEM.