The first phase, offering MVR 200 million in bonds, is now open for investment through MWSC’s Viyani portal.
Malé Water and Sewerage Company (MWSC) has launched a MVR 400 million bond in the Maldives capital market.
The bond issuance is managed by First National Finance Corporation and will be executed in two phases.
The first phase, offering MVR 200 million in bonds, is now open for investment through MWSC’s Viyani portal.
These five-year bonds will provide investors with an annual interest rate of 7.5 percent, said First National.
MWSC, with 20 percent of its shares owned by Japan's Hitachi Plant Technologies Ltd, said that the purpose of the bond issuance is to secure financing for its projects and business ventures.
These include expanding water and sewerage services, expediting sewerage infrastructure projects in the atolls, and increasing the company’s production capacity.
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