Maldives Finance Ministry Launches MVR 3.1 Billion Treasury Bills to Meet Expenditure Needs

The Finance Ministry of the Maldives has commenced the sale of Treasury Bills (T-Bills) valued at MVR 3.1 billion to address government expenditure requirements. The offering encompasses T-Bills with varying maturity periods and interest rates, ranging from 3.50% to 4.60%.
This issuance includes T-Bills worth MVR 1.7 billion, set to mature in 28 days, along with T-Bills valued at MVR 230 million, with a 98-day maturity period. Additionally, T-Bills of MVR 200 million maturing in 182 days, and T-Bills amounting to MVR 980 million, with a 364-day maturity, are also available.
In September, the Finance Ministry conducted a similar issuance of T-Bills worth MVR 2.6 billion to meet government financial obligations. These offerings consistently attract interest from various stakeholders, including pension funds, select banks, state-owned enterprises, and private companies. Treasury Bills represent short-term government securities that play a crucial role in the realm of government financial instruments. They are issued at a discounted price in the local currency (Rufiyaa) and redeemed at face value upon maturity.