The Mauritius Commercial Bank Ltd successfully closes its USD 500 million Syndicated Term Loan Facility

The Mauritius Commercial Bank Ltd have announced 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.

Commenting on the deal, Alain Law Min, Chief Executive Officer, MCB Ltd: