Republic of Maldives $200 million 7% debut sovereign bond issue

1/6/2017
High-yield bond/note issue, Sovereign bond issue

$ 200 million

Completed

1/6/2017


Overview:

  • The Republic of Maldives has issued its debut $200 million sovereign bond.
  • The 7% notes are due in 2022.
  • This is the first ever US dollar bond issue by the Maldives.
  • BoCom International acted as global coordinator, the first time that a Chinese investment bank has taken such a role on an international sovereign bond issue. According to Reuters, this is in part down to the role the country has in China's Maritime Silk Road project
  • 83% of the notes were sold to Asian investors and 17% to Europeans.
  • 85% of the buyers were asset managers, 10% were banks and 5% were private banks.

Katrin Kostadinova - Data analyst

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