7 June 2021
The Bank of Mauritius (Bank) has released a Guide for the Issue of Sustainable Bonds in Mauritius (Guide). This Guide marks a significant step in the Bank’s commitment to building a green and sustainable financial ecosystem.
This Guide has been designed to accompany and encourage issuers, investors and intermediaries in establishing a domestic sustainable bonds market. It provides an overview of the requirements and process for the issuance of Sustainable Bonds and the listing of these bonds on Exchanges licensed in Mauritius.
The Guide has been drafted with the support of the United Nations Development Programme, the World Bank, the Agence Française de Développement, the Ministry of Financial Services and Good Governance, the Financial Services Commission, the Stock Exchange of Mauritius and the Standard Chartered Bank (Mauritius) Limited.
In the wake of the release of the Guide, Governor Harvesh Seegolam stated that ‘this initiative is in line with the Bank’s sustainability agenda and showcases our endeavour to highlight the jurisdiction’s focus on sustainable finance. The Bank will continuously work on other enablers to further facilitate the growth of a sustainable bonds market in Mauritius.”