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Commentary & Deal Flow

NEW ISSUE: The Mauritius Commercial Bank US$ bmk 5yr Sr Unsec; 6.500%a

IGC European Market: Deal Flow - GeneralIGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

IPT

ISIN

The Mauritius Commercial Bank

5yr

16-Apr-31

bmk

Sr Unsec

Fixed

6.500%a

XS3326338566

IPTs: 5yr: 6.500%a

  • Issuer: The Mauritius Commercial Bank Limited
  • Issuer Ratings: Baa3 (Negative) by Moody's
  • Expected Issue Ratings: Baa3 by Moody’s
  • Status: Senior, Unsecured
  • Tenor: 5-year
  • Format: Regulation S (Category 2) Senior Notes
  • Pricing Date: 9-Apr-26
  • Settlement Date: 16-Apr-26 (T+7)
  • Maturity Date: 16-Apr-31
  • Currency and Size: US$ Benchmark
  • Anchor Interest: The issuer has received commitments from anchor investors for U.S.$210m from Proparco, DEG, FMO and MCB Securities Ltd, subject to the final terms and conditions of the offering and satisfaction of certain conditions precedent
  • IPTs: 6.500% area
  • Coupon: Fixed rate, semi-annual, 30/360
  • Listing: London Stock Exchange, ISM
  • Governing Law: English Law
  • Denominations: US$200k + US$1k
  • Joint Bookrunners: Citi, J.P. Morgan, Mizuho, Societe Generale and Standard Chartered Bank
  • Billing & Delivery: J.P. Morgan
  • Reg S ISIN: XS3326338566
  • Reg S Common Code: 332633856
  • Stabilisation: FCA/ICMA
  • Clearing: Euroclear and Clearstream, Luxembourg
  • Timing: Books open, today’s business