FEDO Pvt Ltd, one of the Maldives’ leading construction firms, has opened a MVR 55 million bond for investment through the Maldives Stock Exchange’s private securities platform, Viyana.
The offering, advised by Dhivehi Investments, marks the first time a Maldivian construction company has issued a financial instrument of this kind on the domestic capital market. Subscriptions are open until 20 September 2025.
The bond is a conventional fixed-income instrument with a five-year term and an annual interest rate of 8.5%, paid semi-annually. The minimum investment is 10 bonds, or MVR 10,000.
As an example, an investment of MVR 100,000 would yield approximately MVR 24,966 per year, inclusive of principal and interest.
Proceeds from the bond will fund Savor, FEDO’s upcoming premium urban retreat and lounge facility in Hulhumalé. The development will include upscale accommodations, a modern gym, infinity pool, conference facilities, and other high-end features aimed at tourists and corporate clients.
FEDO has been a key player in the Maldives’ construction and real estate industries for over two decades.
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