Gov’t to raise MVR 2.26bn through treasury bill sales
T-Bills are a commonly used financial instrument by the government to raise short-term domestic debt in order to manage fiscal expenditures.
Maldivian currency notes and coins
The government has announced plans to raise MVR 2.26 billion through the sale of Treasury Bills (T-Bills), as part of its ongoing efforts to meet public financing needs via domestic borrowing.
According to a statement issued by the Ministry of Finance and Planning, subscriptions for the latest T-Bill issuance will open on 21 September 2025, with settlement scheduled for 22 September 2025.
The issuance will be offered across four maturity periods, each carrying different interest rates.
The breakdown is as follows:
- MVR 384 million for a 28-day term at an interest rate of 3.50 percent
- MVR 402.25 million for a 98-day term at 3.87 percent
- MVR 576 million for a 182-day term at 4.23 percent
- MVR 896.9 million for a 364-day term at 4.60 percent
T-Bills are a commonly used financial instrument by the government to raise short-term domestic debt in order to manage fiscal expenditures.
This latest round of borrowing comes amid a growing reliance on T-Bill sales to finance budgetary needs. Analysts have noted a corresponding rise in domestic debt levels, reflecting increased dependence on such instruments to bridge fiscal shortfalls.
