The Ministry of Finance and Planning has invited subscriptions for a new series of Maldivian Rufiyaa-denominated Treasury Bills (T-Bills), offering investors short and medium-term investment options.
According to the invitation issued under T-Bill Series Number TB-2025-008, the sales date for the securities is set for 4 May 2025, with settlement scheduled for 5 May 2025. The government is offering a total of four tranches of T-Bills, each with varying maturities and interest rates.
The details of the offerings are as follows:
- MVR 730 million in 28-day T-Bills with an interest rate of 3.50 per cent, maturing on 2 June 2025.
- MVR 100.55 million in 98-day T-Bills with an interest rate of 3.87 per cent, maturing on 11 August 2025.
- MVR 447.5 million in 183-day T-Bills with an interest rate of 4.23 per cent, maturing on 4 November 2025.
- MVR 924.459 million in 364-day T-Bills with an interest rate of 4.60 per cent, maturing on 4 May 2026.
All subscriptions must be made using the Ministry’s official Subscription Form and submitted between 8:30 AM and 11:00 AM on the sales date. However, during Ramadan, submissions will be accepted between 9:30 AM and 10:30 AM. Investors are required to make full payment by the settlement date. Failure to do so may result in suspension from future government securities operations.
The issuance is conducted in accordance with the terms outlined in the Prospectus for Treasury Bills and other applicable regulations published by the Ministry. Copies of the Prospectus are available on the Ministry of Finance’s official website.
