Finance Ministry Initiates Sale of T-Bills Worth MVR 2.5 Billion

The Finance Ministry issued treasury bills worth MVR 2.5 billion for the third time this year to cover government expenditure. The T-bills include MVR 1.4 billion with 27 days maturity, MVR 90 million with 98 days, MVR 114 million with 182 days, and MVR 952 million with 364 days. Interest rates range from 3.50 to 4.60 percent. The T-bills are sold to the pension fund, banks, state-owned enterprises, and private companies to meet the state's cash flow requirements.

The Finance Ministry issued treasury bills worth MVR 2.5 billion for the third time this year to cover government expenditure. The T-bills include MVR 1.4 billion with 27 days maturity, MVR 90 million with 98 days, MVR 114 million with 182 days, and MVR 952 million with 364 days. Interest rates range from 3.50 to 4.60 percent. The T-bills are sold to the pension fund, banks, state-owned enterprises, and private companies to meet the state's cash flow requirements.

The Finance Ministry issued treasury bills worth MVR 2.5 billion for the third time this year to cover government expenditure. The T-bills include MVR 1.4 billion with 27 days maturity, MVR 90 million with 98 days, MVR 114 million with 182 days, and MVR 952 million with 364 days. Interest rates range from 3.50 to 4.60 percent. The T-bills are sold to the pension fund, banks, state-owned enterprises, and private companies to meet the state's cash flow requirements.

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