By Marisa Wong
Morgantown, W.Va., April 21 – Alteo Ltd. announced it will issue MUR 900 million of secured notes through a private placement.
The five-year notes will have a fixed coupon of 6%.
Proceeds will be used to refinance short-term facilities and to finance obligations of past voluntary retirement schemes, capital expenditures and investments.
Based in Mauritius, Alteo engages in agricultural activities in Mauritius and Tanzania.
| Issuer: | Alteo Ltd.
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| Issue: | Secured notes
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| Amount: | MUR 900 million
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| Maturity: | Five years
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| Coupon: | 6%
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| Distribution: | Private placement
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