T-bills worth MVR one billion have been opened for sale to cover government expenditure. This is the fourth time T-bills have been offered for sale this year.


The Finance Ministry has offered a MVR 135 million T-bill with 42 days repayment and a MVR 100 million T-bills with 98 days repayment. In addition, a MVR 250 million T-bills with 183 days repayment and a MVR 660 million T-bill with 364 days repayment have been announced.

The interest rate on the T-bills ranges from 3.50 percent to 4.60 percent.
Earlier this month, the government sold T-bills worth MVR 3.5 billion to cover government expenditure. 


T-bills are short-term financial instruments. The Maldives government issues T-bills at discounted prices in the local currency, with the face value repayable at the end of the specified repayment period. The T-bills the government sells are bought by the Pension Fund, some banks, and some government-owned companies. Some private companies also buy T-bills.