MCB wins two international awards for USD 400m Karpowership-linked financing

MCB has been recognised on the international stage following the successful structuring of a USD 400 million syndicated facility for Sea World Energy Holdings Limited, an affiliate of Karpowership Group.

The transaction has received two major distinctions: the IJGlobal Awards 2025 for Portfolio Financing Deal of the Year – Africa, and the GBM Awards 2026 for Structured Finance Deal of the Year – Africa. These accolades highlight the scale and structuring complexity of the financing arranged by the Mauritian bank.

MCB acted as Sole Mandated Lead Arranger and Account Bank for the facility, which reached financial close in November 2025. The deal was designed as a tailored portfolio financing solution aligned with Karpowership’s operational model, which focuses on the deployment of floating power plants across multiple markets.

The structure leveraged a pool of signed Power Purchase Agreements (PPAs) across Africa, enabling flexibility in financing while supporting the expansion of energy generation capacity in the region. The approach reflects increasing innovation in structured finance solutions for infrastructure and energy projects on the continent.

In a statement, MCB expressed its appreciation to the participating banks involved in the syndication, as well as to the advisors who contributed to the execution of the transaction. The bank also acknowledged the trust placed in it by the Karpowership team to design and deliver the financing.

The recognition reinforces MCB’s positioning in structured and project finance, particularly in supporting large-scale energy initiatives across Africa.