Maldives sukuk hits 13-month high after Modi visit, credit pledge
ReutersJul 28, 2025 12:09 PM
LONDON, July 28 (Reuters) - A dollar-denominated Islamic bond issued by the Maldives rose nearly 2 cents to hit 13-month high on Monday after key creditor India announced a new credit line and free trade talks late last week.
The Indian Ocean archipelago is struggling to manage its debt, and India is a key bilateral lender, alongside China.
Indian Prime Minister Narendra Modi announced a $565-million credit line and launched free trade talks during a two-day visit late last week.
By Monday afternoon, the sukuk had gained just under two cents to bid at 92.70 cents on the dollar, its highest level since June 2024.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Netflix After the Warner Deal: What Investors Should Know
TradingKey - For quite some time now, Netflix (NFLX) has been regarded as the premier subscription-based streaming service in the world, with a well-established history of growth through creative use of pricing power, developing hit programming, and relying very little on outside sources for licensiTradingKey
8 hours ago
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion TreTradingKey
Mon, Feb 9
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
