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Treasury Bills

Short term investment with a maximum investment period of 365 days. They are grouped into 4 periods 35, 91, 182 and 365 days.

Features

  • Treasury Bills have less than one year tenors to maturity.
  • Biding is done on discount value.
  • Treasury Bills have no coupons.
  • Income depends on amount discounted

Pricing

Determined by the trends of  interest rate, market liquidity, Central Bank rate and the overall market sentiment and economic events.

Requirements/Eligibility

Any person with sufficient funds, Commercial banks and general public normally participate in Government Securities by lodging their bid to Central Bank auction.