Post by MCB Group

MCB Ltd successfully prices USD 400m Senior Bond. We’re pleased to announce that the bank has successfully priced a USD 400 million 5‑year Eurobond, marking its second issuance under the Global Medium Term Note Programme listed on the London Stock Exchange. The bond attracted strong interest from international investors, with the order book exceeding $880mn (excluding Joint Lead Managers’ interest) at peak. This strong demand enabled pricing to tighten by 35bp from initial price thoughts, with a final yield of 6.15%, achieving a significant tightening in pricing, with the bond priced 180 basis points inside its inaugural issuance in 2023 while issuing a larger size. The bond was anchored by leading European development finance institutions, Proparco, DEG and FMO - Dutch entrepreneurial development bank, along with MCB Securities Ltd, a subsidiary of MCB Capital Markets Ltd, also acting as an anchor investor. We extend our appreciation to our joint bookrunners: Citi, J.P. Morgan, Mizuho, Societe Generale and Standard Chartered. This proceeds alongside our most recent syndicated loan and Climate Line facility, will enable the bank to further support the expansion of its asset base in Mauritius and across Africa. #MCBgroup Sweetina Buldawoo Anbar Jowaheer Dharveshsingh Gourdeale, CFA Rikesh Jhowry Sapna Dwarka