The Ministry of Finance has announced plans to issue Treasury bills (T-bills) totalling USD 77.7 million. This initiative includes the sale of four distinct T-bills, each with different maturity periods and interest rates.
The upcoming T-bill issuance will feature the following: USD 12.9 million with a 28-day maturity, USD 7.8 million with a 98-day term, USD 44.5 million with a 182-day duration, and USD 13 million with a 364-day repayment period. Interest rates for these T-bills range from 3.50% to 4.60%.
T-bills, known as short-term financial instruments, are sold by the Finance Ministry at a discount in local currency, with the full face value repayable upon maturity. This arrangement provides benefits to T-bill investors rather than the state. Typically, the Maldivian government’s T-bills are purchased by banks, the Pension Office, and various public and private companies.
This issuance of T-bills aims to address the government’s short-term financing needs while offering secure investment opportunities to the financial market. The diverse interest rates and repayment terms cater to investors seeking flexibility and stability in their short-term investments.
