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Value of outstanding treasury bills stands at $10.2 billion

 
The Finance Ministry is reporting that the value of treasury bills outstanding is now $10.2 billion. 
 
Treasury bills are short term debt instruments issued by the ministry in order to raise money to help fund the budget, which was originally projected at $1.44 trillion.
 
The ministry also indicated that the current amount outstanding follows the raising of another $2.2 billion with its 91-day, 182-day and 272-day treasury bills on Wednesday. 
 
The average interest rate demanded by investors on the 91-day bill was 6.43% per annum, while that on 182-day bill was 6.1% per annum and on the 272-day bill 6.3% per annum.


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