Maldives lists US$100m bond on Abu Dhabi exchange
The Maldives listed a US$100 million sovereign bond on the Abu Dhabi Securities Exchange (ADX) last Thursday in a private placement by the Abu Dhabi Fund for Development.
07 May 2018, 9:00 AM
The Maldives listed a US$100 million sovereign bond on the Abu Dhabi Securities Exchange (ADX) last Thursday in a private placement by the Abu Dhabi Fund for Development.
The dollar-denominated bond, which has a five-year maturity with a 5.5 percent yield, reportedly became the first sovereign bond listed on ADX.
The listing comes amid concern over mounting national debt due to an ambitious infrastructure scale-up, primarily financed through Chinese lending.
In May last year, the Maldives raised US$200 million from its debut sovereign bond listing on the Singapore Stock Exchange.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
