Govt announces sale of MVR 1.1 billion in T-bills

21 hours ago

The Maldivian government has announced the sale of over MVR 1.1 billion in T-bills as it seeks to manage its cashflow. According to an announcement by the Finance Ministry on Sunday, the government is selling four T-bills worth total MVR 1.1 billion. The T-bills up for subscription are: MVR 265 million T-bill at an interest rate of 3.50 percent and maturity period of