Maldives makes bond comeback with $200m sukuk

By Morgan Davis
30 Mar 2021

The Republic of the Maldives priced a $200m sukuk on Monday, marking the country’s first dollar outing in three years.

The 144A/Reg S/3(c)(7) transaction was marketed alongside a tender offer for the Maldives’ $250m 7% 2022 bonds. The tender offer, which was set at par, closed on March 30, following the bond sale. The official tender results were not publicly announced, but a “fair number” of investors accepted the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial