DUBAI - The government of the Maldives launched $200 million in a tap of existing sukuk, or Islamic bonds - reopening them for subscription to raise more cash - at 10.5%, a bank document showed on Thursday.
Maldives raised $300 million via sukuk in April. They are due in 2026 and were sold at 9.875%.
It has now returned to the market to tap that transaction - reopening it for subscription using the same documentation as before.
Credit Suisse , Emirates NBD Capital, HSBC, the Islamic Corporation for the Development of the Private Sector (ICD), JPMorgan and Standard Chartered are arranging the deal.
(Reporting by Yousef Saba; Editing by Kim Coghill and Alex Richardson) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))