Issued on 29th December 2022, Euro Marketing’s bond is the first-ever private placement bond in the Maldives, structured as a conventional amortized bond with a four-year maturity and an interest rate of 7.5%. The issuance was designed to finance the development of a cold storage warehouse in Hulhumalé, with annual payments comprising both principal and interest made until maturity.

The bond's oversubscription at issuance reflected strong investor confidence in Euro Marketing’s market leadership, rooted in their robust financial health and growth prospects. This confidence is further validated by their consistent, timely periodic payments to bondholders.

Euro Marketing's bond issuance has played a pivotal role in demonstrating the growing potential of private-sector debt instruments in the Maldives, encouraging other entities to explore capital market financing. First National has further expanded the market by serving as lead arranger for issuances by other private companies including Medtech and Eyecare.

These developments are driving positive change, enhancing capital access while simultaneously promoting improved corporate governance, financial transparency, and more rigorous financial management practices across the Maldivian business landscape.