Bourse approves issue, listing of 3.5M notes of CM Diversified Credit Ltd

The Listing Executive Committee (LEC) of the Stock Exchange of Mauritius Ltd (SEM) has given its approval to the listing of up to Rs3.5 Billion Notes of CM Diversified Credit Ltd (CMDC).

This amount is inclusive of the 1,967,270 Notes already issued and listed on the Official Market of the SEM.

In a communique dated 24 March 2022, the LEC is also said to have approved the issue and listing of 150,000 new notes, which will be issued by way of preferential offer to eligible investors at a nominal amount of Rs1,000 each.

The New Notes shall have the same rights as the Existing Notes, CMDC said.

It added that a new version of the listing particulars will become effective on 29 March 2022.

The New LP will supersede and replace the listing particulars dated 23 December 2020 (as amended by Circular Notices dated 08 March 2021, 09 June 2021, 08 September 2021, 07 December 2021 and 11 March 2022) and will govern the notes of the company.

CM Diversified Credit Ltd is 100% owned by MCB Capital Markets Ltd.