In a move to secure funding for government expenditure, the Ministry of Finance has announced the sale of T-bills worth MVR 2.6 billion. The short-term securities offer a mix of repayment periods and interest rates.
The T-bill offering includes:
- MVR 620 million with a 27-day repayment period
- MVR 693 million with a 97-day repayment period
- MVR 1 billion with a 181-day repayment period
- MVR 300 million with a 363-day repayment period
Interest rates on these T-bills range between 3.50% and 4.60%, providing investors with varying levels of potential returns.
The government anticipates the purchase of these T-bills from a mix of sources, including the national pension fund, banks (both government-owned and private), and other private companies.
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