Treasury bills (T-bills) worth MVR 3.9 billion have been put up for sale.
The T-bills offered by the Finance Ministry include a T-bill worth MVR 1.8 billion with a 28-day repayment, and a T-bill worth MVR 1 billion with a 364-day repayment are now up for sale. In addition, a T-bill of MVR 467 million with a repayment period of 98 days and a T-bill worth MVR 588 million with a repayment period of 182 days are also up for sale.
The interest rate on the T-bills ranges from 3.50 percent to 4.60 percent.
T-bills worth MVR 2.4 billion were sold earlier this month to cover government expenditure.
The T-bills sold by the government are bought by the Pension Fund, some banks, and some government-owned companies. Some private companies also buy T-bills.
