The Government of Maldives has successfully settled the latest coupon payment on its USD 500 million senior unsecured Sukuk, issued in 2021. The Sukuk, which is set to mature in 2026, carries a semi-annual coupon payment structure, with installments scheduled for April and October each year. The Ministry of Finance confirmed that as of October 7, 2024, the government had made the most recent payment.
In a press release, the Ministry of Finance highlighted that honoring debt service payments remains a top priority for the government. The timely settlement of the Sukuk coupon demonstrates the government’s commitment to meeting its financial obligations to creditors and investors.
The Sukuk issuance, part of a broader strategy to secure international investment and support national development, reflects the government's ongoing efforts to maintain financial stability and uphold investor confidence.
The next payment for the Sukuk is scheduled for April 2025, as the government continues to manage its debt portfolio while focusing on economic growth and sustainability.
In a press release, the Ministry of Finance highlighted that honoring debt service payments remains a top priority for the government. The timely settlement of the Sukuk coupon demonstrates the government’s commitment to meeting its financial obligations to creditors and investors.
The Sukuk issuance, part of a broader strategy to secure international investment and support national development, reflects the government's ongoing efforts to maintain financial stability and uphold investor confidence.
The next payment for the Sukuk is scheduled for April 2025, as the government continues to manage its debt portfolio while focusing on economic growth and sustainability.
