Oficea raises MUR 3.4 billion through a Sustainability-Linked Bond, advised by MCB Capital Markets.

MCB Capital Markets (MCBCM) advised Oficea on the issuance of a MUR 3.4 billion Sustainable Green Bond, marking one of the most significant sustainable finance transactions undertaken in Mauritius in recent years and the first completed under ER Group’s Sustainable Finance Framework. The bond was subscribed by a diverse range of institutional investors, including banks, insurance companies and pension funds.

The transaction supports Oficea’s ambition to accelerate the sustainability transformation of its real estate portfolio and achieve more than 70% green-certified buildings by 2030. The proceeds will be used to refinance existing debt and finance The Grid, Oficea’s new office development in Telfair, Moka, targeting LEED Building Design and Construction (LEED BD+C) certification.