News Desk
Malé, Maldives — The government successfully made a scheduled payment on its $500 million senior unsecured Sukuk, issued in 2021, signaling its ongoing efforts to meet debt obligations despite growing economic pressures. The semi-annual coupon payment, due in October, was settled on time as of October 7, 2024, according to a statement released by the Ministry of Finance.
The Sukuk, which matures in 2026, is part of the government’s broader debt strategy, reflecting a commitment to maintaining financial discipline. Sukuk holders receive payments twice a year, in April and October.
“The timely settlement of this coupon payment underscores the government’s commitment to meeting its debt obligations to creditors and investors,” the statement read. It further emphasized that honoring debt service payments remains a top priority for the administration.
The Maldives, like many other nations, faces external challenges due to a fluctuating global economy, but the government’s focus on managing its financial obligations could help preserve investor confidence as it navigates these uncertain waters.
