Indian Ocean: Maldives raises debut sukuk

Issue 436 - 15 Apr 2021 | 1 minute read

The Republic of Maldives is raising a debut sovereign sukuk (Islamic bond), marking its entry into the Sharia-compliant market. The $200m five-year senior unsecured rule 144A/Reg S sukuk – rated B3 by Moody’s Investors Service – carries a 9.875% semi-annual coupon.

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