> SEM hosts a Green Bonds Capacity Building Programme on 09 and 10 May 2018, in the global context of the Green Economy Forum


 

This event is being organised in partnership with the United Nations Partnership for Action on Green Economy (PAGE) and the UNEP Finance Initiative, under the patronage of the Ministry of Finance & Economic Development and the Ministry of Financial Services & Good Governance. The capacity building workshops, to be held on 09th and 10th May will be delivered by the SEM’s partners: Frankfurt School - UNEP Collaborating Centre for Climate & Sustainable Energy Finance, Climate Bonds Initiative and Center for International Climate Research (Cicero).

 

A first meeting was organised by the SEM in February 2018 between the representatives of these organizations and key industry players to develop the content of the workshops. It is expected that these workshops, which will be delivered in May, and which target all potential players in the green bonds ecosystem, i.e on the issuer, investor and intermediary sides, will raise awareness and interest and help to put in place the building blocks for a green bonds ecosystem in Mauritius. 

 

Climate change has become one of the greatest developmental challenges of our time, and Mauritius, being a small island developing state, is extremely vulnerable to the effects of climate change. However, climate action and the move towards a low-carbon development path through greater utilisation of renewable sources of energy requires a lot of capital investment. Achieving our targets in this context will require new and innovative forms of finance and investment.

 

As a Stock Exchange, leveraging on its pivotal role at the heart of the Mauritian economy, the Stock Exchange of Mauritius (SEM) has taken the initiative to bring together issuers and investors to spearhead the development of a local Green Bonds market. - Since 2015, the SEM has taken a leading role in creating a more sustainable capital market and  promoting corporate sustainability, good governance and responsible investment by introducing a sustainability index – SEMSI. SEMSI is today an important index with 13 constituent companies (One new company intending to join soon) and a total market capitalization of MUR 138.4 Bn. In 2015, the SEM also stepped up its commitment to promoting sustainability by becoming a Partner Exchange of the United Nations Sustainable Stock Exchange Initiative. Through this Green Bonds market, the SEM is seeking to gradually open up one avenue to mobilize investments into green and sustainable development projects that address climate change. The Green Bonds market will enable public and private sector issuers to issue and list Green Bonds on the SEM to raise capital for their “green” projects.


07-May-2018



> BBC interviews Sunil Benimadhu, CEO the Stock Exchange of Mauritius, where amongst other issues, he talks about SEM's performance and he refutes the idea of Mauritius being a tax-heaven.



05-Apr-2018



> As part of its national "Reach-Out Program" for 2018, the Stock Exchange of Mauritius is organising for the public at large an OPEN-DAY scheduled for Saturday 7 April at SUPER U, Coeur de Ville, Flacq


Open day - April 2018


28-Mar-2018



> The Stock Exchange of Mauritius (SEM) launches the SEM Bond Index (SEM-BI) on 14 November 2017


Following substantive reforms brought to the SEM’s operational framework since 2009 in the context of its transformational move towards a multi-asset class international Exchange, the SEM has successfully attracted the listing of a growing number of debt instruments on its Debt Board. The total market capitalization of all debt instruments listed and traded on the SEM currently stands at Rs 21.5 billion and this capitalization level is expected to increase in the coming months as more listed issuers resort to debt funding.

 

The timing is, therefore, opportune to create a Bond index which will provide bond investors with a dynamic and measurable tool of the time-series performance of the bond index constituents.  The launching of SEM-BI confirms the attractiveness of the SEM as a compelling capital-raising and listing platform for debt instruments.  It is also expected to enhance the visibility of the debt market in Mauritius.



07-Nov-2017



> Creation of the SEM Bond Index on the Stock Exchange of Mauritius (SEM-BI) - Concept Paper


Following the substantive changes brought to the SEM’s operational framework since 2009 in the context of its transformational move towards a multi-asset class international Exchange, the SEM has successfully attracted the listing of a growing number of debt instruments on its Debt Board. The total market capitalization of all debt instruments listed and traded on the SEM currently stands at Rs 21.5 billion and this capitalization level is expected to increase in the coming months as more listed issuers resort to debt funding.

 

The timing is, therefore, opportune to create a Bond index which will provide bond investors with a dynamic and measurable tool of the time-series performance of the bond index constituents.  The launching of SEM-BI confirms the attractiveness of the SEM as a compelling capital-raising and listing platform for debt instruments.  It is also expected to enhance the visibility of the debt market in Mauritius.


07-Nov-2017



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