
The Ministry of Finance and Planning has invited subscriptions for a new series of Maldivian Rufiyaa (MVR) Treasury Bills worth a total of MVR 1.05 billion. The securities, issued under T-Bill Series Number TB-2025-019, will be open for sale on 5 October 2025, with settlement scheduled for 6 October 2025.
According to the Ministry, four maturities are on offer, ranging from 29 days to 364 days. The 29-day T-bill, maturing on 4 November 2025, carries an interest rate of 3.50 percent, while the 98-day bill, maturing on 12 January 2026, offers a 3.87 percent rate. The 182-day bill, maturing on 6 April 2026, carries an interest rate of 4.23 percent, and the longest-term 364-day bill, maturing on 5 October 2026, offers a 4.60 percent return.
Subscriptions must be submitted using the Ministry’s official subscription form between 8:30 a.m. and 11:00 a.m. on the sale date. During the month of Ramadan, the submission window will shift to 9:30 a.m. to 10:30 a.m. The Ministry reminded that payments for T-bills must be made in full by the settlement date, as failure to settle on time may result in suspension from future government securities operations.
Treasury Bills are short-term debt instruments issued by the government to manage short-term funding needs and liquidity. They are typically purchased by commercial banks, institutional investors, and state-owned enterprises as a secure, low-risk investment.
The sale of T-bills is part of the government’s regular domestic debt management operations, aimed at maintaining liquidity in the financial system while providing investors with short-term investment options.