Asset Magazine has awarded Maldives with the prestigious Triple-A Country Award for best bond.
The Triple-A Country Awards was held in Hong Kong on January 17.
Maldives received the award for its $200m 5-year maturity international bond listed on the Singapore Stock Exchange.
The bond is the first issued by Maldives in the international market, and received an overwhelming response from investors, with orders of more than double the amount offered, reported the government.
“This recognition by the Asset Triple A awards, where the bond was recognized among the Best Deals in South Asia in 2017, is another hallmark of the success of the Maldives debut bond issue.”
The Asset Triple A Awards is Asia’s preeminent award for financial excellence in the region. Now in its 19th year, the recognition represents the industry’s most prestigious awards for banking, finance, treasury and the capital markets.