MWSC Announces Offer of MVR 400 Million Bond

The state-owned Male’ Water and Sewerage Company (MWSC) has announced the offer of a bond worth MVR 400 million as part of its strategic financial plans.

The First National Finance Corporation, which is facilitating the bond issue in the capital market, confirmed that the sale will occur in two tranches.

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Through its Viyani portal, MWSC has opened the first tranche for investment, offering MVR 200 million worth of bonds. According to First National Finance Corporation, the bonds will offer a 7.5 per cent interest return over a five-year term.

The proceeds from the bond sale will be allocated towards MWSC’s ongoing water and sewerage projects across the atolls and the expansion of some of its business activities. First National Finance Corporation highlighted that this financial initiative is aimed at supporting MWSC’s operational growth and infrastructure development.