Mauritius Commercial Bank Limited successfully raised $450 million

2026-02-26 18:05:45

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(Finance View, February 26, 2026) Mauritius Commercial Bank Limited (MCB) successfully completed its first Gulf Cooperation Council (GCC) and India-focused syndicated term loan, raising $450 million. This transaction marks an important milestone in MCB’s financing strategy, aimed at diversifying its international lender base and strengthening market relationships.

Initially launched at $300 million, the offering attracted strong demand, with commitments from 25 banks, including five new lenders and existing relationship banks. The deal was oversubscribed by approximately 2.1 times, increasing the transaction size to $450 million. The loan structure is a two-year facility, with the borrower having the option to extend it by one year. The funds raised will be used for general corporate purposes to support MCB’s ongoing growth in Mauritius and across Africa.

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