The Mauritius Commercial Bank Limited successfully closes its USD 450 million Syndicated Term Loan Facility

The Mauritius Commercial Bank Limited (“MCB”) has successfully closed its inaugural GCC and India focused Syndicated Term Loan of USD450m. The transaction marks a key milestone in MCB’s funding strategy, further diversifying its international lender base and expanding relationships in key global markets.

The facility was initially launched at USD 300M and received strong support from the market, attracting commitments from 25 banks, including 5 new lending institutions, alongside MCB’s established relationship lenders. The transaction was oversubscribed by approximately 2.1x, enabling MCB to upsize the facility to USD450m, reflecting robust investor appetite and confidence in the Bank’s credit fundamentals.

Structured as a two-year term loan with a one-year extension option at the borrower’s discretion (2+1), the facility provides enhanced funding flexibility. The strong market response allowed MCB to secure more competitive pricing, resulting in a lower overall cost of funding.

Proceeds from the facility will be used for general corporate purposes, supporting MCB’s continued growth strategy in Mauritius and across the African region.