The interest rate on Treasury bills is determined through bidding.
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The government is going to raise Rs 5 billion domestic debt today (Sunday) through the treasury bill. The Public Debt Management Office has issued a notice stating that it is going to raise the mentioned amount through the 182-day treasury bill.
The notice states that bidding for the treasury bill can be done till 3 pm today. Accordingly, the treasury bill will be issued (distributed) on Tuesday. The interest rate of the treasury bill is fixed through bidding.
In the last bidding, the weighted average interest rate has been fixed at 2.62 percent for the 91-day treasury bill and 1.71 percent for the 364-day treasury bill. Banks and financial institutions had bid at the highest interest rate of 2.69 percent and the lowest at 0.67 percent.
