Finance Ministry Settles USD 24.6 Million Sukuk Coupon Payment, Boosts Market Confidence

The Ministry of Finance and Planning has successfully completed the October 2025 coupon payment of USD 25 million on the Maldives’ USD 500 million Sukuk issued in 2021, reinforcing the nation’s ste...

Mohamed Hilmy

08 October 2025, 00:00

The Sukuk carries semi-annual coupon payments due every April and October and is set to mature in April 2026. According to the agreed repayment plan, the Ministry will make the final coupon payment of USD 25 million along with the full principal amount of USD 500 million at maturity next year.

Timely fulfilment of debt obligations remains a key priority for the Government. The successful completion of the latest coupon payment reflects the Ministry of Finance and Planning’s continued efforts to maintain fiscal discipline and uphold investor confidence in the Maldives’ financial credibility.

Reaffirming its dedication to responsible debt management, the Ministry stated that it will continue to focus on ensuring fiscal stability and sustaining the nation’s creditworthiness as preparations advance for the final settlement of the Sukuk in April 2026.

Finance Ministry Settles USD 24.6 Million Sukuk Coupon Payment, Boosts Market Confidence

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