Government Pays Out US$50 Million on Treasury Bill to SBI

The Maldives government paid US$50 million to the State Bank of India (SBI) upon maturity of a Treasury Bond issued during the previous administration. The bond had an 11-month tenure with 4.5% interest. SBI chose not to roll over. Finance Minister Mohamed Shafeeq confirmed the payment. The ministry also announced T-bills worth over MVR 4 billion for sale and issued an RFP for up to US$550 million.

The Maldives government paid US$50 million to the State Bank of India (SBI) upon maturity of a Treasury Bond issued during the previous administration. The bond had an 11-month tenure with 4.5% interest. SBI chose not to roll over. Finance Minister Mohamed Shafeeq confirmed the payment. The ministry also announced T-bills worth over MVR 4 billion for sale and issued an RFP for up to US$550 million.

The Maldives government paid US$50 million to the State Bank of India (SBI) upon maturity of a Treasury Bond issued during the previous administration. The bond had an 11-month tenure with 4.5% interest. SBI chose not to roll over. Finance Minister Mohamed Shafeeq confirmed the payment. The ministry also announced T-bills worth over MVR 4 billion for sale and issued an RFP for up to US$550 million.

This story involves 1 source and may affect public understanding of sbi / treasury bill.