MWSC launches MVR 400mln bond for investment

Male’ Water and Sewerage Company (MWSC) has introduced a bond worth MVR 400 million bond for public investment.

First National Finance Corporation, which brought the bond to the capital market, said the sale will occur over two stages.

The first stage comprises investment opportunities for MVR 200 million via MWSC’s Viyani Portal. The five-year bond will generate 7.5 percent interest for investors.

MWSC aims to utilize the bond to finance the company’s projects. The First National Finance Corporation said the funds generated from the bond’s sale will boost MWSC’s capacity and productivity.