The MVR 120 million bond programme will be issued in three tranches, with the first MVR 50 million tranche set to open tomorrow. The Bond is structured as a conventional bond with a fixed annual coupon of 8% and a five-year maturity. this Issuance represents a strategic move by ADK to diversify its funding sources while directly contributing to the long-term development of national healthcare infrastructure.

Proceeds from the bond offer will be utilized to develop a 15-storey building to the existing ADK Hospital. This development is expected to be one of the most ambitious healthcare infrastructure projects currently underway in the Maldives. The development aims to address rising healthcare demands, driven by urbanization, a growing population, and the need for advanced medical services within the country, thereby reducing reliance on overseas treatment options.

Established in 2011, ADK Hospitals Pvt Ltd is the largest private tertiary healthcare provider in the Maldives, operating under the ADK Group. The hospital has pioneered numerous clinical advancements in the country, supported by continuous investment in infrastructure, human capital, and medical technology. This bond issuance reflects ADK’s ongoing commitment to expanding access to high-quality, patient-centred care.

The issuance is being managed by First National Finance Corporation Private Limited, who is acting as the Lead Arranger and Principal Adviser for the offer. As Lead Arranger, First National is responsible for structuring the bond, overseeing regulatory compliance, coordinating investor engagement, and ensuring a smooth execution of the offering on Viyana. Their involvement underscores ADK’s commitment to transparency, market discipline, and professional stewardship in raising private capital.