Government Issues Treasury Bills Worth Over MVR 4 Billion

The Maldives Ministry of Finance issued treasury bills worth MVR 4.2 billion, including MVR 2.2 billion at 28-day maturity, MVR 263.4 million at 98 days, MVR 69 million at 182 days, and MVR 1.7 billion at 364 days. The state faces a MVR 16.31 billion deficit in 2024, comprising a budget deficit of MVR 14.08 billion and debt principal repayments of MVR 2.23 billion. The Ministry plans to raise MVR 3.95 billion domestically via T-bills and bonds, and MVR 12.36 billion externally through project loans, sustainable financing, and foreign loans and bonds. A Request for Proposals was issued for up to US$550 million from institutional investors. T-bills are short-term debt instruments with interest rates of 3.50% to 4.60%, sold to the pension fund, banks, government-owned companies, and private companies.

The Maldives Ministry of Finance issued treasury bills worth MVR 4.2 billion, including MVR 2.2 billion at 28-day maturity, MVR 263.4 million at 98 days, MVR 69 million at 182 days, and MVR 1.7 billion at 364 days. The state faces a MVR 16.31 billion deficit in 2024, comprising a budget deficit of MVR 14.08 billion and debt principal repayments of MVR 2.23 billion. The Ministry plans to raise MVR 3.95 billion domestically via T-bills and bonds, and MVR 12.36 billion externally through project loans, sustainable financing, and foreign loans and bonds. A Request for Proposals was issued for up to US$550 million from institutional investors. T-bills are short-term debt instruments with interest rates of 3.50% to 4.60%, sold to the pension fund, banks, government-owned companies, and private companies.

The Maldives Ministry of Finance issued treasury bills worth MVR 4.2 billion, including MVR 2.2 billion at 28-day maturity, MVR 263.4 million at 98 days, MVR 69 million at 182 days, and MVR 1.7 billion at 364 days. The state faces a MVR 16.31 billion deficit in 2024, comprising a budget deficit of MVR 14.08 billion and debt principal repayments of MVR 2.23 billion. The Ministry plans to raise MVR 3.95 billion domestically via T-bills and bonds, and MVR 12.36 billion externally through project loans, sustainable financing, and foreign loans and bonds. A Request for Proposals was issued for up to US$550 million from institutional investors. T-bills are short-term debt instruments with interest rates of 3.50% to 4.60%, sold to the pension fund, banks, government-owned companies, and private companies.

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