Safyr Capital Partners has made another significant contribution to the debt capital markets in Mauritius through the successful issue and listing of a USD 100 M multi-currency note programme by Meridian CRV, wholly-owned subsidiary of Meridian Group (‘Meridian’) renowned as one of the largest fertiliser trading groups in Africa.
The first tranche of the notes of up to USD 30 M was fully subscribed. The notes carry an annual coupon of 6% with a maturity term of 3 years and is fully guaranteed by Sanlam, one of the largest insurance players in Africa.
Deva Marianen, MD of Safyr Capital stated as follows:
This note issuance and listing on the SEM by Meridian once again sends a strong signal to the international markets that Mauritius remains a robust jurisdiction to raise efficient capital. Safyr Capital combined with the efforts of our recognised partners provided a seamless structured solution for our client. We have been at the forefront of packaging and closing this raising exercise and we would like to thank all our partners for making this a successful transaction. Meridian is one of the largest commodity conglomerates in Southern Africa with operations across Malawi, Mozambique, Zambia and Zimbabwe. The company globally sources and locally manufactures, distributes and trades in agricultural commodities that allow them to partner with local farmers, providing them with best value tailor-made solutions. Mauritius has again made a contribution to the African continent through the sophistication of its capital markets.
Safyr Capital Partners Ltd is a licensed Investment Banking institution by the Financial Services Commission (FSC), that provides Asset Management, Corporate Finance and Investment Advisory (Unrestricted) Services.