Maldives Confirms April Sukuk Payment as Scheduled, Minister Says

Mohamed Hilmy

26 March 2026, 08:47

The Maldives government will proceed with the scheduled coupon payment for its USD 500 million sovereign Sukuk in April, Finance Minister Moosa Zameer has confirmed, assuring there are no obstacles to meeting the obligation.

Speaking at a press conference at the President’s Office, the minister said preparations for the payment due on April 8 are progressing as planned, with coordination underway with relevant agents.

The Sukuk, issued in 2021 and maturing in April 2026, requires semi-annual coupon payments in April and October each year.

Zameer noted that the financing arrangements outlined earlier by President Dr Mohamed Muizzu, developed in consultation with the Maldives Monetary Authority and the Ministry of Finance, remain unchanged.

The update is expected to provide reassurance to investors amid heightened attention on the country’s external debt obligations ahead of the 2026 maturity.

Maldives Confirms April Sukuk Payment as Scheduled, Minister Says

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