IZAR Ltd served as the exclusive transaction advisor to ABC Banking Corporation Ltd for the subordinated unsecured debt issuance totaling MUR 700 million, structured to qualify as Tier 2 capital under the Bank of Mauritius Guidelines on Eligible Capital. The transaction was successfully closed at an attractive spread for the issuer, who capitalized on oversubscription by increasing the deal size from MUR 500 million to MUR 700 million. This issuance, conducted as a public offer of securities, enabled the bank to engage with new investors, fostering potential long-term relationships.
The issuer holds a CARE MAU A+ rating, and the securities offering, also executed as a public offer, is listed on the Stock Exchange of Mauritius.