The Ministry of Finance and Planning has announced the sale of Treasury Bills worth MVR 4.3 billion, inviting subscriptions ahead of a 30 June 2025 settlement date. The sale, listed as T-Bill Series TB-2025-012, will open for bids on 29 June 2025.
The government is offering four tenors across short to medium-term maturities. These include:
- MVR 580 million in 28-day T-Bills at an interest rate of 3.50 percent
- MVR 300 million in 98-day T-Bills at 3.87 percent
- MVR 1.045 billion in 182-day T-Bills at 4.23 percent
- MVR 2.41 billion in 364-day T-Bills at 4.60 percent
In total, the government seeks to raise MVR 4.335 billion through this auction. The proceeds are expected to be used for managing short-term public financing needs.
Interested investors are required to submit bids using the Ministry’s official subscription form between 8:30 am and 11:00 am on the day of sale. Full payment must be made on 30 June, the settlement date. Failure to settle on time may result in suspension from participating in future government securities transactions.
This issuance follows the government’s routine debt management operations, and the interest rate structure reflects an upward curve, offering higher returns for longer tenors.
The Ministry stated that copies of the T-Bill Prospectus and relevant subscription rules are available on its official website.
