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CIPF

Commercial Investment Property Fund (CIPF), subsidiary of ENL Commercial, is a property fund owning fully leased out commercial and industrial assets in Mauritius.

 

Bond Information
Daily Bond Information
CIPF JR TR NOTES
Market Price
Rs 999.87
  • Previous Close
    Rs 999.87
  • % Change
    -
  • Transaction Value
    -
  • Last updated: 21/06/2018 15:09:57
Bond Performance
Daily Bond Information
CIPF SR TR NOTES
Market Price
Rs 97,721.39
  • Previous Close
    Rs 97720.62
  • % Change
    -0.77
  • Transaction Value
    -
  • Last updated: 21/06/2018 15:09:57
Bond Performance
FY2017 Key highlights
  • Property portfolio value
    644
    million rupees
  • Secured floating rate notes
    560
    million rupees
  • Interest junior tranche
    6.5
    %
  • Interest senior tranche
    5.5
    %
  • Lease duration
    20
    years
Corporate Profile

In January 2017, CIPF issued Rs 560 million secured floating rate notes with a ten-year tenure through a private placement. The proceeds were utilised to finance the acquisition of tenanted properties from ENL Commercial Limited and its subsidiaries.

The Notes comprise 4,000 senior tranche Notes with a nominal value of Rs 100,000 each and 160,000 junior tranche Notes with a nominal value of Rs 1,000 each. The senior tranche has an annual floating rate coupon of Repo rate + 2 %, currently at 5.5 %, and the junior tranche at Repo rate + 3 %, currently at 6.5%. The senior tranche of the Notes has been assigned an investment grade rating of CARE MAU A- (SO) by Care Ratings.

Contact
Talk to our investor relations specialist
Sandra Lincoln
T: +230 +230 404 9500
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Press Releases and Communiqués
  • 01 Jun 2018
    CIPF - Cautionary announcement - Completion of transaction
  • 10 May 2018
    Notice of Senior bondholders meeting on 1st June 2018
  • 10 May 2018
    Notice of Junior bondholders meeting on 1st June 2018
Dividend announcements
Quarterly Reports
  • 09 May 2018
    CIPF - Q3 Report - 31 March 2018
  • 30 Jan 2018
    CIPF - Q2 Report - 31 December 2017
  • 10 Nov 2017
    CIPF - Q1 Report - 30 September 2017
Presentations
  • 30 Mar 2017
    CIPF - Investor presentation - March 2017
Calendar
Annual reports
Other information
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