India extends Maldives’ USD 50 million Govt bonds repayment deadline

Male, Sep 18: New Delhi has rolled over, for one more year, USD 50 million Maldives' government bonds as “an emergency financial assistance,” the Indian High Commission said here Thursday.

The deadline for the repayment of a USD 50 million Treasury Bill (T-bill) was extended once again “on the request of the Maldives government.”

“Since March 2019, the Government of India has been facilitating subscription of several such Treasury Bills by the State Bank of India (SBI) and rolling them over, annually, interest-free to the Government of Maldives,” the Indian High Commission said in a statement.