'Sukuk to be refinanced after securing ways to repay'

2 days ago

Finance Minister Moosa Zameer states the USD 500 million Sukuk due in April will be refinanced after careful assessment of state revenue and repayment plans. In his presidential address on Thursday, President Dr. Mohamed Muizzy announced that the Sukuk due in April will be refinanced after repaying half, adding that the interest rate will not exceed nine percent. Speaking regarding the Sukuk