Maldives Sukuk soars amid bolstered investor confidence
Dialogues with major bilateral partners have been crucial in arranging a forthcoming refinancing package, the ministry said.
Maldives' sovereign Sukuk has seen a surge in price over recent months, signalling investor confidence and the positive impact of the government's fiscal strategies.
Trading at USD 87.44 on July 7, the Sukuk has climbed from its early April 2025 price of USD 64.72. This upward trend underscores the international market's growing faith in the Maldivian economy.
"This upward trajectory is a direct reflection of the government's commitment to its financial obligations and its proactive approach to strengthening the nation's economic fundamentals. A series of strategic financial manoeuvres have been instrumental in this market optimism," a statement issued by the Finance Ministry read.
In March, the government completed a significant repayment to a private creditor. This was followed by the settlement of the Sukuk coupon payment in April.
"These actions sent a clear and powerful signal to the global financial community of the Maldives' steadfastness in honouring its commitments, thereby bolstering investor confidence," the statement read.
"The government's commitment to fostering strong and collaborative international partnerships has yielded substantial positive results. Successful dialogues with major bilateral partners have been crucial in arranging a forthcoming refinancing package."
