Maldives’ Debt via T-Bills, Bonds Reaches MVR 94.1 Billion

The Maldivian government's total repayable debt through Treasury bills and bonds has reached MVR 94.1 billion, according to the Finance Ministry. Domestic debt instruments account for MVR 84.9 billion, including MVR 38.1 billion in T-bills, MVR 27 billion in domestic bonds, and MVR 3.2 billion in Islamic instruments. External borrowing totals MVR 9.2 billion. The repayment schedule includes MVR 154 million due within one month, MVR 2.7 billion in two months, MVR 3.5 billion in three months, MVR 8.5 billion in six months, MVR 32.8 billion in one year, and longer-term obligations up to 20 years. T-bills are sold to the pension fund, local banks, state-owned enterprises, and private firms at interest rates between 3.50% and 4.60%.

The Maldivian government's total repayable debt through Treasury bills and bonds has reached MVR 94.1 billion, according to the Finance Ministry. Domestic debt instruments account for MVR 84.9 billion, including MVR 38.1 billion in T-bills, MVR 27 billion in domestic bonds, and MVR 3.2 billion in Islamic instruments. External borrowing totals MVR 9.2 billion. The repayment schedule includes MVR 154 million due within one month, MVR 2.7 billion in two months, MVR 3.5 billion in three months, MVR 8.5 billion in six months, MVR 32.8 billion in one year, and longer-term obligations up to 20 years. T-bills are sold to the pension fund, local banks, state-owned enterprises, and private firms at interest rates between 3.50% and 4.60%.

The Maldivian government's total repayable debt through Treasury bills and bonds has reached MVR 94.1 billion, according to the Finance Ministry. Domestic debt instruments account for MVR 84.9 billion, including MVR 38.1 billion in T-bills, MVR 27 billion in domestic bonds, and MVR 3.2 billion in Islamic instruments. External borrowing totals MVR 9.2 billion. The repayment schedule includes MVR 154 million due within one month, MVR 2.7 billion in two months, MVR 3.5 billion in three months, MVR 8.5 billion in six months, MVR 32.8 billion in one year, and longer-term obligations up to 20 years. T-bills are sold to the pension fund, local banks, state-owned enterprises, and private firms at interest rates between 3.50% and 4.60%.

This story involves 1 source and may affect public understanding of treasury bills / debt.