The Government of Maldives debut international bond has received the prestigious Triple A Country Awards given by The Asset magazine, in an event held in Hong Kong on 17 January 2018. The US$ 200 million 5 year maturity international bond listed on the Singapore Stock Exchange is the first bond to be issued by Maldives in the international market.
The bond which was issued in May 2017 received an overwhelming response from investors, with orders received more than double the amount offered. This recognition by at the Asset Triple A awards, where the bond was recognized among the Best Deals in South Asia in 2017, is another hallmark of the success of the Maldives debut bond issue. The Asset Triple A Awards is Asia’s preeminent award for financial excellence in the region.
Now in its 19th year the recognition represents the industry's most prestigious awards for banking, finance, treasury and the capital markets.
