Maldives Raises $200mn via 5Y Sukuk at 10.5%

Maldives Raises $200mn via 5Y Sukuk at 10.5%

Maldives raised $200mn via a 5Y Sukuk at a yield of 10.5%, unchanged from initial guidance of 10.5% area. The bonds have expected ratings of B3 and received orders over $370mn, 1.9x issue size. The bonds carry a coupon of 9.875% and will be issued off a $1bn trust...
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