By Mary-Katherine Stinson
Lexington, Ky., April 20 – Mauritius Commercial Bank Ltd. priced $300 million of 7.95% senior notes, according to a pre stabilization notice.
The five-year senior notes priced at par, or at Treasuries plus 422.8 basis points.
J.P. Morgan Securities plc, Emirates NBD Capital, Citigroup and SMBC Nikko are the bookrunners.
The bank is based in Port Louis, Mauritius.
| Issuer: | Mauritius Commercial Bank Ltd.
|
| Amount: | $300 million
|
| Issue: | Senior notes
|
| Maturity: | Five years
|
| Bookrunners: | J.P. Morgan Securities plc, Emirates NBD Capital, Citigroup and SMBC Nikko
|
| Coupon: | 7.95%
|
| Price: | Par
|
| Yield: | 7.95%
|
| Spread: | Treasuries plus 422.8 bps
|
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