ENL Limited Considers Offering MUR 2.5 Billion in Secured Notes

ENL Limited is thinking about offering secured notes to the public.

These notes could be worth up to MUR 2.5 billion. If all the necessary approvals are given, these notes will be listed on the Stock Exchange of Mauritius and will be rated by CARE Ratings (Africa) Private Limited.

The money raised from these long-term notes will be used to pay off some of the Company’s debts.

The Company is currently working out all the details, including the terms and conditions, paperwork, and choosing the right service providers.

Source: Stock Exchange of Mauritius