HDFC commences issuing of fixed income bonds

Housing Development Finance Corporation (HDFC) has commenced sales of fixed income bonds worth MVR 100 million.

The subscription list opened at 9:00 hours on 03 June 2018 and will remain open for 15 market days and is scheduled to close at 14:00 hours on 24 June 2018. As per the company’s prospectus, the company will issue 10,000 bonds at MVR 10,000 per bond. The bonds will have a maturity period of 10 years at a coupon rate of seven percent.

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Interest parties can subscribe through Maldives Securities Depository’s Infinity portal.

This issue is open to any individual or corporate legal entity that is permitted to transact on the Maldives Stock Exchange in accordance with the laws of the Maldives. This would include individuals, partnerships, public limited liability companies, corporative societies, statutory bodies and legal entities.

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