President Mohamed Muizzu announced that the Abu Dhabi Fund for Development has agreed to roll over a $100 million Maldivian bond due in April 2026, extending its repayment by five years to 2031. He also said $150 million of the $500 million sukuk principal due in April will be paid from the Sovereign Development Fund, with the remainder refinanced.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Muizzu said the $100 million bond was taken out on 26 April 2018 under the previous administration.
Word for word from the report in Maldives Republic. Open the report
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The Abu Dhabi Fund for Development has agreed to roll over a $100 million bond issued by the Maldives that is set to mature in April this year, President Mohamed Muizzu said Thursday.
Word for word from the report in Maldives Republic. Open the report
With the rollover, Maldives’ debt obligations due in April will fall by $100 million from about $600 million.
Word for word from the report in Maldives Republic. Open the report
With the rollover, Maldives’ debt obligations due in April will fall by $100 million from about $600 million.
Word for word from the report in Maldives Republic. Open the report
The president said the government will still need to repay the $500 million principal on the sukuk due in April, along with the final coupon payment.
Word for word from the report in Maldives Republic. Open the report
He said $150 million of the sukuk will be paid from the Sovereign Development Fund, while the remaining amount will be refinanced.
Word for word from the report in Maldives Republic. Open the report
