Asset Magazine has awarded the prestigious Triple-A Country Award for the best bond issued by Maldives in the international market. The Asset's annual Triple A recognition, now in its 19th year, represents the industry's most prestigious awards for banking, finance, treasury and the capital markets.
The call on May 2017, to issue bond to an international market for the first time in Maldives received an overwhelming response from investors, with oversubscriptions hours after the announcement. Maldives received the award for its USD 200 million 5-year maturity international bond listed on the Singapore Stock Exchange.
The recognition by the Asset Triple-A Awards, was recognised among the Best Deals in South Asia in 2017. Authorities describe the achievement as another milestone for the Maldivian debut bond issue.