The Ministry of Finance announced the upcoming issuance of four Treasury Bills totalling MVR 1.6 billion to cover government expenditure. The bills carry maturities of 28, 98, 182 and 364 days, with interest rates ranging between 3.50 and 4.60 percent.
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The Finance Ministry revealed that four T-bills worth MVR 1.6 billion will be issued, each with varying maturity dates.
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Earlier reports gave MVR 2.5 billion 8 Feb, 14:56 Maldives Republic
This includes an MVR 983 million issue maturing in 28 days
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an MVR 46 million issue maturing in 98 days
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an MVR 269 million issue with an 182-day maturity
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and another MVR 489 million issue maturing in 364 days.
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Interest rates on these T-bills will range between 3.50 and 4.60 percent, according to the ministry.
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Earlier reports gave 3.50 percent to 4.60 percent 2 May, 19:56 Maldives Republicbetween 3.50 percent and 4.60 percent 26 Feb, 23:45 Maldives Republic
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