The total amount repayable by the Maldivian government on Treasury bills and bonds has reached MVR 94.1 billion, according to new figures released by the Finance Ministry.
The data shows that MVR 84.9 billion of the total is owed in domestic debt instruments, including T-bills and bonds denominated in local currency. The breakdown includes MVR 38.1 billion in T-bills and MVR 27 billion in domestic bonds, while Islamic instruments account for MVR 3.2 billion.
External borrowing through instruments such as foreign bonds and sukuk makes up the remaining MVR 9.2 billion of the total.
The Finance Ministry also detailed the repayment schedule for the securities. MVR 154 million is due within one month, followed by MVR 2.7 billion in the subsequent month. Repayments due in three months total MVR 3.5 billion, while MVR 8.5 billion is due in six months. One-year maturities account for MVR 32.8 billion.
Longer-term obligations include MVR 8.6 billion due between one and five years, MVR 16.9 billion maturing between five and ten years, and MVR 20.6 billion payable in the 15- to 20-year bracket. No instruments were listed for the 10- to 15-year range.
T-bills are short-term government securities issued at a discount and paid at face value upon maturity. The government raises funds by selling T-bills primarily to the pension fund, local banks, state-owned enterprises, and some private firms, with interest rates on the bills ranging from 3.50 percent to 4.60 percent.