India has decided to extend the rollover of a $50 million Treasury Bill (T-bill) for the Maldives for an additional year.

India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million Treasury Bill for another year on the Maldivian government's request.

The Indian aid to the island nation comes amid a potential threat of sukuk default, which would be the world’s first. Maldives has about $500 million in outstanding sukuk debt due in 2026, according to data compiled by Bloomberg.

Maldives Foreign Minister Moosa Zameer has expressed gratitude to External Affairs Minister S Jaishankar as the Indian government extended budgetary support to the Maldives with the rollover of the USD 50 million Treasury Bill.

In a goodwill gesture, India on Thursday said it has decided to rollover a USD 50 million Treasury Bill for an additional year upon the request of the Maldives government.

India has extended a USD 50 million loan to the Maldives to support its economic challenges. This follows a request from the Maldivian government for budgetary assistance. The move reflects the enduring friendship between the two nations.

India has decided to rollover a USD 50 million Treasury Bill for an additional year at the request of the Maldives government. This extension comes as

At the request of the Maldivian government, the State Bank of India (SBI) has subscribed the USD 50 million government Treasury Bills.

India has extended budgetary support to the Maldives by rolling over a USD 50 million Treasury Bill for another year, following a request from the Maldivian government. ;