#Port Louis #Mauritius #Mauritius Commercial Bank #syndicate loan #Asian lenders

Mauritius Commercial Bank's Remarkable $350 Million Syndicated Loan

On February 19, 2025, the Mauritius Commercial Bank Ltd (MCB) made headlines by finalizing its inaugural two-tranche syndicated loan focused on Asian markets, amounting to an impressive $350 million. Initially launched at $300 million, the loan saw overwhelming demand, with subscriptions more than double the anticipated amount, resulting in an eventual increase to $350 million. MCB is set to utilize these funds for general corporate purposes, marking a significant milestone in its financing endeavors.

This landmark transaction not only represents MCB's first-ever five-year syndicated loan but also underscores the growing trust placed by international lenders in MCB's solvency and strategic vision. The syndicate was launched following a robust marketing effort, featuring physical roadshows across key cities like Hong Kong, Beijing, Shanghai, Taipei, and Seoul. These efforts attracted significant interest from lenders across these jurisdictions, including India, with many participants being first-time lenders to MCB.

The successful diversification of MCB's lending base towards Asian financial institutions has led to a substantial reduction in borrowing costs. According to Anbar Jowaheer, MCB's Director of Financial Institutions and Syndication, this new facility continues the bank's strategy of diversifying funding sources by tapping into new markets. The robust participation in the five-year tranche highlights international investors' confidence in MCB's strategy and its positive outlook.

Thierry Hebraud, Chief Executive Officer of MCB Ltd, celebrated this expansion of MCB's investor base into the Asian market as a significant milestone, particularly in the context of the Mauritius International Financial Center’s (IFC) Asia-Africa corridor. He noted, “This facility is a testament to global investors' confidence in MCB's strategy, its investment-grade ratings, and its potential for growth.”

The syndication was supported by distinguished financial institutions such as the Industrial and Commercial Bank of China Limited, London Branch, Mizuho Bank, Ltd., and Standard Chartered, which acted as Bookrunners and Initial Mandated Lead Arrangers, as well as coordinators of the roadshow.

In closing, this successful loan acquisition not only strengthens MCB’s position but also highlights the evolving landscape of international finance, where trust and strategic partnerships play a crucial role in navigating new opportunities. For further details about MCB, visit MCB Group's official website.