T-bills are sold via an auction with competitive bidding and are aimed at institutional investors only. The bills were issued to refinance maturing T-bills.
The average yield to maturity of the issued 6-month and 12-month T-bills was 2.266% and 2.220%, respectively. These T-bills were issued within the framework of the T-bill program approved by the Minister of Finance in 2020. The framework allows for repeated issuance of T-bills with maturities of up to 12 months. The interest rate depends on the market conditions at the time of issuance. T-bill issues are carried out to manage the cash flows of the state.
Additional information can be found on the website of the Ministry of Finance.
