Ministry of Finance announces seeking interested parties to purchase T-bill worth MVR1.5 billion in a bid to recuperate state expenditure.
Maldives government, via the ministry’s website on Tuesday, 08th February made the announcement confirming the sale of four T-bills on coming Saturday, 12th February 2022.
As such, state is slated to sell;
- T-bill worth MVR674 million (with a 3.5% interest) – 28-day repayment period, 14th March 2022
- T-bill worth MVR188 million (with a 3.87% interest) – 98-day repayment period, 23th May 2022
- T-bill worth MVR205 million (with 4.23% interest) – 182-day repayment period, 15th August 2022
- T-bill worth MVR466.3 million (with 4.6% interest) – one year repayment period, 15th February 2023
Meanwhile, statistics from the ministry had further confirmed a total sale of MVR58.7 billion worth T-bills so far, out of which none had been repaid so far.