Interest rate of T-bill agreement with India at 3.5%

3 days ago

It has been revealed that USD 250 million of Treasury bills sold by the Maldivian government to the State Bank of India recently was at an interest rate of 3.5 percent. The T-bills were sold by the government to adjust for budget shortcomings. A trusted source informed Sun that the sale of T-bills was at an interest rate lower than prior