Government Opens MVR 2 Billion T-Bills for Sale

The Maldives government has opened MVR 2 billion worth of T-bills for sale to cover its expenditure. The Finance Ministry is offering several T-bills, including an MVR 1.2 billion T-bill with a 36-day repayment period and an MVR 160 million T-bill with a 92-day repayment period. Additionally, a T-bill worth MVR 195.2 million with a 190-day repayment period and a T-bill valued at MVR 566 million with a 372-day repayment period have been announced.
Interest rates on these T-bills range from 3.50 percent to 4.60 percent, providing attractive options for investors. T-bills are short-term financial instruments issued by the government at discounted prices in local currency, with the face value repayable at the end of the specified period.
These T-bills are typically purchased by the Pension Fund, various banks, government-owned companies, and some private companies, offering a secure investment opportunity while supporting government funding needs.