The Ministry of Finance has issued Treasury Bills (T-bills) totalling MVR 4.5 billion in response to the government’s fiscal demands.

The T-bills offered by the Finance Ministry provides a range of maturity dates, offering flexibility to the buyers. This includes an MVR 1 billion issue maturing in 34 days, an MVR 50 million issue maturing in 98 days, an MVR 2.33 billion issue maturing in 182 days, and an MVR 1.18 billion issue maturing in 364 days. These instruments are issued at a discount, providing the buyer with the full face value of the issue upon maturity.

Interest rates on the T-bills ranges between 3.50 and 4.60 percent. The finance ministry routinely issues T-bills to meet the state’s cash flow needs.

T-bills, which are short-term debt instruments issued by the government, are typically bought by the pension fund, banks, state-owned enterprises (SOEs), and private entities.