Baker McKenzie Advises the Joint Lead Managers on Mauritius Commercial Bank’s USD 400m Bond Issuance

Leading global law firm Baker McKenzie has advised the joint lead managers Citigroup Global Markets Limited, J.P. Morgan Securities plc, Mizuho International plc, Société Générale and Standard Chartered Bank on a USD 400 million international bond issuance by Mauritius Commercial Bank (MCB) marking its second issuance under its Global Medium Term Note Programme (GMTN) listed on the London Stock Exchange. Baker McKenzie also advised on the update of the GMTN Programme prior to the bond issuance.

The bond issuance priced 180 basis points inside MCB's inaugural issuance in 2023 while issuing a larger size.

Baker McKenzie's team advising the joint lead managers was led by Partner James Tanner with support from Senior Associate Maxim Khrapov. Partner, Sarah Porter, along with Associate, Jack Measure, advised Citibank, N.A., London Branch as the trustee, while Partner Ben Bierwirth and Associate Avni Devgan, advised cornerstone investors FMO and Proparco.

Commenting on the transaction, James Tanner, said: "We are delighted to have supported the joint lead managers on this transaction for Mauritius Commercial Bank. The strong investor response and successful pricing reflect both MCB's robust market standing and the confidence in Mauritius as a financial hub. Our involvement in this complex cross-border deal further attests to Baker McKenzie's deep expertise in international capital markets and our ability to deliver seamless solutions for our clients' most important transactions. Our team is proud to have played a role in advancing MCB's international funding strategy and contributing to its continued growth."