The Maldives government has paid $24.6 million as the latest coupon for its $500 million sukuk issued in 2021, reaffirming its commitment to timely debt obligations.
Ministry of Finance made the payment to international investors who hold the sukuk issued in 2021. The coupon payment, scheduled every April and October, covers the April 2025 installment. The sukuk will mature in April 2026, when the government will pay the final $25 million coupon along with the full $500 million principal.
Officials said timely payments are a top priority for the administration. They highlighted that the successful payment reflects the government’s active efforts to maintain financial stability and uphold investor confidence.
As part of responsible debt management, the government will continue taking steps to ensure sufficient capacity for future debt servicing and to protect the country’s economic stability.
