Fedo Private Limited (Fedo) has made history by successfully closing the Maldives’ first-ever bond issuance by a construction company, raising MVR 48.9 million through a private placement on the Viyana Platform. This landmark transaction marks a significant step forward for the Maldivian capital market, creating new pathways for businesses across diverse sectors to access long-term financing.

The 5-year bond, carrying a coupon rate of 8.5% per annum, received strong backing from institutional investors including Maldives Pension Administration Office, Insurance Industry Players and as well as retail investors. Fedo and Dhivehi Investment Partners Private Limited (DIP) extend their sincere appreciation to all participating investors for the trust and confidence placed in this pioneering issuance.

The offering was arranged and managed by DIP, a licensed investment management and advisory firm in the Maldives. Serving as Lead Arranger and Principal Advisor, DIP played a pivotal role in structuring and executing the transaction, further reinforcing its reputation as a trusted partner in enabling local enterprises to tap into capital markets and diversify their funding sources.

This debut bond issuance not only reflects Fedo’s strong corporate reputation but also sets a precedent for other companies to explore capital market financing. It underscores the emerging role of the Maldivian capital market in financing business ventures and highlights the opportunities it offers for private enterprises to broaden their funding base through Maldivian capital market.
Proceeds from the issuance will support Fedo’s planned diversification into the service and hospitality sector.