Malé Water and Sewerage Company (MWSC) has opened the sale of a MVR 400 million bond.

According to First National Finance Corporation which is facilitating the issuance, the bond will be released to the capital market in two phases.

In the first phase, a MVR 200 million bond is now available for investment through MWSC's Viyani Portal, offering investors a 7.5 per cent annual interest rate over five years.

The proceeds from the bond sale will finance MWSC's projects and business operations. This includes investments in water and sewerage services, accelerating ongoing sewerage projects in the atolls, and expanding the company's equipment manufacturing business.