13 MAR 2024

MCB wins Financial Institutions/Bank Bond deal of the year


We are proud to announce that Mauritius Commercial Bank has been selected as the 2024 winner of the Financial Institutions/Bank Bond Deal of the Year category at the Bonds, Loans & ESG Capital Markets Africa AWARDS hosted by GFC Media Group.  

There are 53 impressive winners across two awards categories: Deals of the Year and Awards for Excellence. You can view the full list of winners here: www.BondsLoansAfricaAwards.com 

These awards will be presented at the official ceremony, taking place on the 6th March 2024 at the Zeitz MOCCA, Cape Town: 

Financial Institutions/Bank Bond Deal of the Year:


Mauritius Commercial Bank

USD300m Bond

Issue Date: April 2023

Joint Bookrunners: Citi, Emirates NBD, J.P. Morgan, SMBC Nikko

Joint Lead Manager: Afreximbank

Legal Adviser to the Issuer: Clifford Chance

Legal Advisers to the JLMs: Allen & Overy


The deal is the first international capital markets transaction originating from Mauritius. It marked Mauritius Commercial Bank (MCB) debut USD bond deal. It was the first public financial institution deal from Africa in 2023, demonstrating MCB's regional leadership.

Since 2014, the Bonds & Loans Awards have been recognising the year’s most innovative and ground-breaking deals from Sovereign, Corporate and Financial Institution issuers and borrowers. 

The Bonds, Loans & ESG Capital Markets Africa AWARDS bring together the industry’s most high-profile figures. They are an opportunity to raise the profile of the financial markets with the international investment community, and to inspire future issuance across the continent. 


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