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Bond Market News
Maldives Pays Up on Its $500mn Dollar Sukuk
April 6, 2026
The Maldives has successfully paid the final maturity amount and coupon on its dollar denominated sukuk. It paid $500mn in principal and $24.68mn in coupons on the notes that were originally issued in 2021. The repayment has allowed the government to reduce its overall debt burden. Analysts note that the settlement was achieved despite significant economic pressures, including the fiscal impact of the pandemic and external shocks from the Russia-Ukraine war through the entire period. While the Maldives had previously projected a 5.3% GDP growth for 2026, the Ministry of Finance noted that escalating Middle East tensions are expected to weigh on the nation’s medium-term macro-fiscal outlook due to global energy and commodity market volatility. Authorities have worked on implementing revenue-enhancing measures in 2024 to strengthen the country’s position and maintain essential supplies amid the headwinds.
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