Notice is hereby given that the Listing Executive Committee of the Stock Exchange of Mauritius Ltd (SEM) has given its approval to the proposed listing by way of an Offer for Subscription to the public of the following four tranches of Notes of IBL Ltd (IBL) for a maximum amount of MUR 3 Billion:
FRN-01-MUR-022027- 4 Year MUR Notes
FRN-01-EUR-022027- 4 Year EUR Notes
FRN-01-MUR-022030- 7 Year MUR Notes
FRN-01-EUR-022030- 7 Year EUR Notes
Dealings in the above Notes can be made through one of the Investment Dealers listed on the following link: https://www.stockexchangeofmauritius.com/about-us/find-a-broker
On the first day of trading, scheduled for 22 February 2023, the following Notes will be made available for trading:
No. of Notes
Price Per Note
FRN-01-MUR-022027
1,000
MUR 1,000
FRN-01-EUR-022027
25
EUR 1,000
FRN-01-MUR-022030
1,000
MUR 1,000
FRN-01-EUR-022030
25
EUR 1,000
(the indicative price will be adjusted to the nearest tick size as per the Trading Procedures)
The Prospectus of of IBL is available on the website of the SEM (www.stockexchangeofmauritius.com) and at the offices of M.C.B. Registry and Securities Ltd and M.C.B Stockbrokers Limited, situated at Sir William Newton Street, Port-Louis.
23 December 2022
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IBL Ltd. published this content on 23 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2022 11:04:10 UTC.
IBL Ltd is a diversified group organized around 7 areas of activity:
- mass retailing (32.4% of net sales): distribution of consumer products (food, wines and spirits, household goods, personal care products, stationery products, etc.), printing equipment and consumables, pharmaceuticals , medical equipment, chemicals and agrochemicals;
- agri-food (21%): production and processing of sugar cane, production and bottling of beverages, production and processing of fish, etc.;
- engineering and construction (20.6%): manufacturing of building materials, development of diesel and electro-diesel engine repair and maintenance solutions, engineering and construction services for construction and industry sectors, sales of industrial and agricultural machinery, rental, servicing and maintenance of building and handling equipment, ship construction and repair services, etc. ;
- hotel operation (14.8%);
- logistics and transport (4.5%);
- financial services (4.3%): banking, insurance, financing services, investment fund management, investment services, etc.;
- other (2.4%): property, pharmaceutical and cosmetic products research and development services, development of testing and certification solutions, etc.
Net sales break down geographically as follows: Mauritius (83.1%), Madagascar-Comoros-Seychelles-Reunion (7.9%), Maldives (3.9%), Europe (2.3%), the United States (0.1%) and other (2.7%).
IBL LTD 