Wednesday, May 25, 2022
DhiDaily - English Edition
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
DhiDaily - English Edition
No Result
View All Result

Government Issues MVR 2 Billion in T-Bills

Adam Ahid by Adam Ahid
August 15, 2021
0
Government Issues MVR 2 Billion in T-Bills
0
SHARES
10
VIEWS

The Ministry of Finance has begun to offer treasury bills, or T-Bills, worth more than MVR 2 billion on Sunday.

MVR 2.02 billion in T-bills will be issued in four instalments to raise revenue for the State, the finance ministry said.

The first tranche of T-bills will be issued at MVR 40 million for 28 days and MVR 240 million for 98 days. T-bills of MVR 135 million with a term of 182 days and MVR 1.6 billion with a tenure of one year are also included.

According to the finance ministry, the interest rate on the T-bills would range between 3.50 and 4.60 percent.

Last week, the government released MVR 2.51 billion in T-bills as part of its usual weekly T-bill issuance. T-bills issued by the government are typically purchased by pension funds, banks, and state-owned corporations.

The State’s obligation to repay T-bills has reached MVR 27 billion, according to finance ministry estimates.

In addition to the traditional T-bill, the government raised MVR 350 million using an Islamic T-Bill, using the Olympus and Velana Buildings as security.

Tags: Ministry of FinanceT-Bills

Related Posts

Vinares Flats to be Handed Over to HDC in July
Local

Vinares Flats to be Handed Over to HDC in July

May 25, 2022
Government Withdraws Amendment to Reduce Tourism Land Rent 
Business

Government Withdraws Amendment to Reduce Tourism Land Rent 

May 25, 2022
MIRA Earns MVR 2 Billion in Tax Revenue in December
Business

MIRA Publishes Names of Resorts on Land Rent Defaulters’ List

May 25, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
The Power of Women’s Leadership, A Powerful Economy

The Power of Women’s Leadership, A Powerful Economy

March 14, 2021
Fire Breaks Out in Vakkaru Resort

Fire Breaks Out in Vakkaru Resort

December 14, 2021
The Defining Challenge & Scandal of Solih's Gov't

COVID-19 & Ventilators: The Defining Challenge & Scandal of Solih’s Gov’t

March 28, 2021
Investigative Journalism is Dead Upon Arrival

Investigative Journalism is Dead Upon Arrival

April 7, 2021
Speaker Nasheed Undergoes Multiple Successful Surgeries

“I Will Not Compete Against President Solih” – Nasheed

1
Cat Strangling Video Receives Backlash

Cat Strangling Video Receives Backlash

1
UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

0
Nasheed Expresses His Concerns and Seeks To Find Answers Regarding The One Room Apartment Project

Nasheed Expresses His Concerns and Seeks To Find Answers Regarding The One Room Apartment Project

0
Vinares Flats to be Handed Over to HDC in July

Vinares Flats to be Handed Over to HDC in July

May 25, 2022
Government Withdraws Amendment to Reduce Tourism Land Rent 

Government Withdraws Amendment to Reduce Tourism Land Rent 

May 25, 2022
MIRA Earns MVR 2 Billion in Tax Revenue in December

MIRA Publishes Names of Resorts on Land Rent Defaulters’ List

May 25, 2022
HDC to Install a CCTV Network Across Hulhumale

HDC Seeking Contractors to Develop Marina View Apartments

May 25, 2022

Recent News

Vinares Flats to be Handed Over to HDC in July

Vinares Flats to be Handed Over to HDC in July

May 25, 2022
Government Withdraws Amendment to Reduce Tourism Land Rent 

Government Withdraws Amendment to Reduce Tourism Land Rent 

May 25, 2022
MIRA Earns MVR 2 Billion in Tax Revenue in December

MIRA Publishes Names of Resorts on Land Rent Defaulters’ List

May 25, 2022
HDC to Install a CCTV Network Across Hulhumale

HDC Seeking Contractors to Develop Marina View Apartments

May 25, 2022
DhiDaily - English Edition

© 2022 Dhidaily

  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި

© 2022 Dhidaily