CIM Financial Services to issue Rs9 billion notes to fund debt, bonds

The Board of CIM Financial Services Ltd (CFSL) has just approved the creation of a new Rs9 billion Medium Term Note Programme to fund the issuance of traditional debt and green bonds.

CFSL will also issue Rs2 billion of debt with a permitted oversubscription of Rs1billion to be issued under this Programme to qualified investors. CFSL said it is working closely with its mandated transaction advisor and CARE Ratings Africa Ltd to secure a credit rating for this new debt issuance.

The Programme will be listed on the Stock Exchange of Mauritius after CFSL has obtained the relevant regulatory approvals.

Source: Stock Exchange of Mauritius