India extends $50 mn budgetary support to Maldives
Maldives hails India's 'generous crucial budgetary support' ahead of upcoming Sukuk payments
The Indian aid to the island nation comes amid a potential threat of sukuk default, which would be the world’s first. Maldives has about $500 million in outstanding sukuk debt due in 2026, according to data compiled by Bloomberg.
‘Generous gesture’: India extends $50 million crucial budgetary support to Maldives
India has extended budgetary support to the Maldives by rolling over a USD 50 million Treasury Bill for another year, following a request from the Maldivian government. ;
“Gesture reflects enduring bonds of friendship”: Maldives Foreign Minister thanks Jaishankar as India extends budgetary support
Maldives Foreign Minister Moosa Zameer has expressed gratitude to External Affairs Minister S Jaishankar as the Indian government extended budgetary support to the Maldives with the rollover of the USD 50 million Treasury Bill.
"Sincere Gratitude": Maldives As India Extends $50 Million Budgetary Support
In a goodwill gesture, India on Thursday said it has decided to rollover a USD 50 million Treasury Bill for an additional year upon the request of the Maldives government.
India-Maldives relations: SBI's investment supports Maldives' treasury needs
India has decided to offer budgetary support to Maldives for another year. Watch to know more.
Maldives Thanks India For $50M Budgetary Support: Second Boost This Year
At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills.
India extends $50 million budgetary aid to Maldives for another year
India has extended financial assistance to the Maldives by rolling over a $50 million Treasury Bill for another year at the Maldivian government's request. This marks the second such extension this year,
Maldives elated as India extends $50mn budgetary support in second rollover this year
At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills (T-bills) issued by the Ministry of Finance of the Maldives for a period of one more year upon the maturity of the previous subscription on September 19,
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Maldives Sukuk Jumps as Officials Pledge to Avoid Default
Maldives dollar Islamic bonds jumped as the country’s central bank pledged to make coupon payments due in October.
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India decides to rollover $50 million as requested by Maldives
Maldives had requested the Indian government to extend the deadline for repayment of the remaining $150 million. India agreed ...
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