Ascencia Limited informed its shareholders and the public that it will issue multiple tranches of bonds up to an amount of MUR 1,500,000,000 by way of a private placement under its bond programme dated 16 September 2020. The proceeds raised shall be used to finance the extension of Bagatelle Mall and the acquisition of the remaining stake in The Beau Vallon Shopping Mall Ltd., the holding entity of Bo'Valon Mall. In order to diversify the Company's funding options and subject to the approval of its Class A shareholders, the Board has resolved to increase the Preferential Offer amount (as defined in the Bond Programme) from MUR 1,500,000,000 to MUR 2,500,000,000.