Ministry of Finance and Treasury has announced the decision to issue sovereign bonds worth USD200 million to the international market. The bonds are to be with a fixed coupon and a minimum five-year maturity.
According to a statement issued by the Ministry, the bonds are being issued to fund structural and developmental projects planned for the year 2017. The Ministry expressed their confidence that this an important step that will accommodate economic growth for the Maldives within international financial markets, both for Government institutions and the private sector.
Ministry of Finance and Treasury will be accepting proposals from interested parties until Thursday, 29th December 2016.