The Finance Ministry has opened the sale of this year’s first T-bills. This time, T-bills worth over 3 billion rufiyaa have been opened for sale with different maturity periods.

Among these T-bills are a 1.06 billion rufiyaa T-bill to be repaid on February 9, and a 105 million rufiyaa T-bill to be paid on April 20. Additionally, a 110 million rufiyaa T-bill to be paid on July 6, and a 1.72 billion rufiyaa T-bill to be paid on January 11 next year have also been opened for sale.

The interest rates on these T-bills range between 3.50 percent and 4.60 percent. A T-bill is a short-term government security issued by the government, which is sold at a discounted price and the face value is paid when the term expires.

Government T-bills are purchased by pension funds, banks, government-owned companies, and some private companies.