Ministry of Finance Releases MVR 4.2 Billion in Treasury Bills

In a bid to meet government expenditure requirements, the Ministry of Finance has declared the issuance of Treasury bills totaling MVR 4.2 billion. This encompasses T-bills amounting to MVR 2.2 billion with a 28-day maturity, MVR 263.4 million with a 98-day repayment period, MVR 69 million spanning a 182-day repayment duration, and MVR 1.7 billion set for a 364-day repayment term.

The interest rates for these T-bills vary between 3.50% and 4.60%.

Traditionally sought after by entities such as pension funds, banks, government-owned enterprises, and select private firms, these short-term government securities are made available at a discounted rate in the local currency. They serve as a financial instrument for effective government finance management.

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