Euro Marketing distributes over MVR 7 million to Bondholders
Euro Marketing Pvt Ltd.’s bond, the inaugural private placement bond in Maldives, has achieved significant success, garnering popularity among investors. Today, the first periodic payment of the bond has been disbursed, with MVR 7.46 million distributed to bondholders as coupon payments.
Insights
The bond was structured as a conventional amortized bond with a maturity of 4 years, issued on 29th December 2022. Annual payments, comprising principal and interest, were made until maturity.
First National Finance Corporation served as the Lead Arranger for the bond issuance, overseeing crucial tasks including due diligence, prospectus preparation, and related activities. The issuance aimed to secure financing for the development of a storage warehouse in Hulhumale'.
On February 15, 2024, EyeCare Private Limited joined Euro Marketing Private Limited in tapping into the capital markets with their Shariah-compliant Sukuk offering. To learn more about this investment opportunity, access the prospectus at www.viyana.mv and reach out to First National on 4009855.
Secure Investing: Investment Funds
Secure Investing: Bonds and Sukuks
First National obtains foreign exchange license
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