PLEION Corporate Finance - Gestion De Fortune

MUR 3bn bond issuance for Cim Financial Services Ltd

PLEION Corporate Finance Ltd acted as transaction adviser and placement agent for “Project Ironman” – a Mauritian debt capital markets transaction for CIM Financial Services Ltd. The transaction was targeting to raise MUR 2 billion with an option to increase to MUR 3 billion if there was a significant oversubscription. The client ended up utilising the oversubscription to issue MUR 3 billion.

This landmark transaction, the second debt transaction executed for CIM, is the biggest fund raising by a Mauritian corporate so far this year (July 2020) and is notable given that it has taken place despite the impact of the COVID-19 pandemic on Mauritius.

The PLEION Corporate Finance Ltd team worked with Benoit Chambers and the CIM Financial Services Ltd management team during the COVID-19 lockdown in Mauritius to put together the requisite legal documentation, secure an AA rating for the transaction, and build an investors presentation that ensured significant interest from pension funds, insurance companies, high-net-worth individuals, and banks.

PLEION Corporate Finance Ltd leveraged its unrivalled relationships with these investors and the strong reputation of the company to deliver an oversubscribed transaction. Although issuance in the 10-year space by Mauritian corporates is very rare, this transaction included the first senior unsecured 10-year bond issue by a Mauritian corporate.

If you are interested in seeing how PLEION Corporate Finance Ltd can help your business, contact us. We provide independent and objective Debt Capital Markets Transactions and Advisory services, tailored to your requirements.

  • Bond issuance
  • Corporate bond offerings (“plain vanilla” bonds, Tier II capital, etc.)
  • Transaction structuring
  • Ratings advisory
  • Refinancing
  • Financial structuring and restructuring