Under-pressure Maldives readies dollar bond

maldives_adobe_575px_6Nov20
By Morgan Davis
22 Mar 2021

The Republic of the Maldives, which took a big hit to its tourism-reliant economy last year due to the pandemic, announced a tender and new money offer on Monday, returning to the dollar bond market after a three year hiatus.

The island nation mandated the Islamic Corporation for the Development of the Private Sector (ICD) as the initial mandated lead arranger, and Credit Suisse, Emirates NBD Capital and HSBC as global co-ordinators for the 144A/Reg S five year transaction. The banks will hold investor calls from Monday.

...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial