Oficea sets record with green bond issuance in Mauritius

Oficea, a Mauritian company, has successfully issued a green bond worth $3.4 billion, marking the largest sustainable financing deal in Mauritius and one of the most significant in Africa. The funds raised will be used to finance The Grid, Oficea's new office space in Telfair, and refinance the company's debt. This transaction demonstrates the growing importance of sustainable finance in Mauritius. The green bond was issued under the company's strategy to accelerate the transition to sustainable real estate and achieve over 70% certified green buildings by 2030.

The green bond was subscribed by various institutional investors, including banks, insurance companies, and pension funds. Oficea's parent company, ER Property, aims to incorporate environmental performance into its real estate decisions while providing quality workspaces for its clients. The company's sustainability strategy includes energy efficiency, sustainable water management, increased use of renewable energy, reduced carbon emissions, and improved indoor environmental quality. This approach is innovative in the real estate sector and sets a precedent for sustainable development in Mauritius.

The Grid, Oficea's new office space in Telfair, Moka, is designed to achieve LEED BD+C certification. The project is part of Oficea's efforts to expand its sustainable real estate portfolio. Johan Pilot, CEO of ER Property, emphasized the company's commitment to sustainable development and its goal of achieving over 70% certified green buildings by 2030. The green bond issuance is a significant milestone in Oficea's sustainability journey and demonstrates the company's dedication to environmental responsibility.

The green bond market in Mauritius is growing, and this transaction is a notable example of the country's increasing focus on sustainable finance. The deal was facilitated by MCB Capital Markets, a leading financial services company in Mauritius. ER Group, Oficea's parent company, has a strong track record of sustainable development and is committed to reducing its environmental footprint.

Thierry Chateau, a journalist with Ecoaustral, reported on the green bond issuance, highlighting its significance in the Mauritian market. Ecoaustral is a leading publication in Mauritius, providing in-depth coverage of business, finance, and sustainability issues. The article was published on September 24, 2026, and provides valuable insights into the growing importance of sustainable finance in Mauritius.

The green bond issuance by Oficea is a positive development for the Mauritian economy, demonstrating the country's commitment to sustainable development and environmental responsibility. The transaction is expected to have a positive impact on the local real estate market, encouraging other companies to adopt sustainable practices. Oficea's sustainability strategy is aligned with international best practices, and the company is well-positioned to achieve its goal of becoming a leader in sustainable real estate in Mauritius.

In conclusion, Oficea's green bond issuance is a significant milestone in the company's sustainability journey and a notable example of the growing importance of sustainable finance in Mauritius. The transaction demonstrates the country's commitment to environmental responsibility and sets a precedent for sustainable development in the real estate sector. With a strong focus on sustainability, Oficea is well-positioned to achieve its goals and contribute to a more sustainable future for Mauritius.

Key points

• Oficea raises $3.4 billion in largest sustainable financing deal in Mauritius
• The green bond will finance The Grid, Oficea's new office space in Telfair
• Oficea aims to achieve over 70% certified green buildings by 2030