The Ministry of Finance has announced the sale of MVR 2.26 billion worth of Treasury Bills (T-Bills), with subscriptions opening on 21 September 2025 and settlement due on 22 September 2025.
According to the official notice, the offering spans four maturities, with varying interest rates reflecting market conditions. A total of MVR 384 million will be issued under a 28-day maturity at 3.50 percent, while MVR 402.25 million is offered under a 98-day maturity at 3.87 percent. The 182-day bills amount to MVR 576 million at 4.23 percent, and the largest tranche is the 364-day maturity, with MVR 896.9 million offered at 4.60 percent.
The issuance is part of the government’s ongoing efforts to manage short-term financing requirements through domestic debt instruments. T-Bills remain a key tool for the state to secure liquidity while providing investment opportunities for financial institutions operating in the Maldives.
As outlined in the invitation, all subscriptions must follow the Ministry’s prospectus and be submitted within the designated timeframe. Payments must be settled in full on the stated date, with failure to comply potentially resulting in suspension from future government securities operations.
The auction comes at a time of continued reliance on T-Bill financing to meet budgetary needs. The steady rise in interest rates across maturities reflects both liquidity conditions in the financial sector and the government’s increasing cost of domestic borrowing.
