The Ministry of Finance has unveiled its strategy to issue Treasury bills (T-bills) totaling USD 77.7 million, encompassing four distinct T-bills with varying maturity periods and interest rates.
Scheduled for issuance are T-bills worth USD 12.9 million maturing in 28 days, USD 7.8 million with a 98-day term, USD 44.5 million spanning 182 days, and USD 13 million set to mature in 364 days, offering interest rates ranging from 3.50% to 4.60%.
T-bills, renowned as short-term financial instruments, are sold by the Finance Ministry at a discount in local currency, ensuring repayment of the full face value upon maturity. These instruments primarily benefit investors rather than the state, typically attracting investments from banks, the Pension Office, and a variety of public and private entities.
This issuance aims to address the government’s immediate financing requirements while providing secure investment avenues in the financial market. The diverse range of interest rates and repayment terms caters to investors seeking flexibility and stability in short-term investments.
Comments are closed.