The Malé Water and Sewerage Company (MWSC) is pleased to announce the launch of its inaugural bond offering, a significant milestone marking its entry into the capital market to support strategic growth initiatives. As the Principal Adviser for the issuance, First National Finance Corporation plays a crucial role in guiding this important move.
Established in 1995 as a partnership between the Government of Maldives and Hitachi Limited, MWSC has expanded into utilities, engineering, manufacturing, and trading, solidifying its position as a leader in the industry. The bond, valued at MVR 400 million, will fund key projects, including infrastructure upgrades, service delivery enhancements, and ongoing water and sewerage projects in outer islands, as well as manufacturing expansions.
The bond will be issued in two tranches, with the first tranche, worth MVR 200 million, currently open for subscription, offering a 7.5% annual return over five years. This investment opportunity is open to both individual and corporate entities registered on the Viyana Platform.
First National Finance Corporation’s expertise in structuring the bond, conducting due diligence, and preparing the prospectus has been instrumental in ensuring alignment with market standards and investor expectations. This bond issuance not only signifies MWSC’s growth ambitions but also underscores First National’s proficiency in guiding significant financial projects within the Maldives.
For more information, please visit the Viyana Portal.
