MWSC has opened the sale of a MVR 400 million bond on the Maldives Stock Exchange.

MWSC opened the bond sale last Thursday on the stock exchange's Viyana Portal.

MWSC's consultant, First National Finance Corporation, said that the MVR 400 million bond, which is set to be sold in two phases, is currently announced for investment in a MVR 200 million bond. They also stated that investors in this five-year bond will receive a 7.5 percent interest rate return.

First National Finance Corporation also said that they will open investment for another MVR 200 million bond in the second round.

First National Finance Corporation said that MWSC has opened this bond sale to raise funds for numerous investments.

They said that the money raised from the bond sale will be used to expand water and sewerage services, accelerate ongoing water and sewerage projects in the atolls, and expand the business of some of the company's manufactured products.