Successful closing of $500M Syndicated Term Loan Facility
The Mauritius Commercial Bank Ltd ("MCB") is pleased to announce the signing of a three-year USD 500 million syndicated loan.
The deal was exceptionally well supported in the market and attracted commitments from investors globally with continued endorsements from GCC, Europe and US, and interest from Asia. Commitments exceeded USD 1 billion, with an oversubscription of 2.2x showcasing investors' appetite on MCB's credit worthiness, thereby leading to significant scale-back.
The Facility was circled by 25 investors, comprising existing core lenders and seven new original lenders, reflecting MCB's strong appeal to international investors.
This latest transaction bears testimony to MCB's attractiveness for its robust credit profile and growth strategy while pursuing its journey to tap capital markets for its funding requirements.
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