Maldives hires banks for reopening of $300mln bonds due in 2026 - document

DUBAI- The government of Maldives has hired banks for a reopening of existing $300 million bonds due in 2026, a document showed on Tuesday.

The Islamic Corporation for the Development of the Private Sector (ICD) was hired as lead transaction adviser, while Credit Suisse, Emirates NBD Capital, HSBC, JP Morgan and Standard Chartered join it in leading the deal, the document from one of the banks, reviewed by Reuters, showed.

They will hold investor calls starting on Tuesday, to be followed by a "tap" - when an existing transaction is reopened for subscription using the same documentation as before, subject to market conditions.

(Reporting by Yousef Saba; Editing by Alison Williams) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))