India grants another extension on USD 50mn T-bill

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India has granted the Maldives another year’s extension on the repayment of a USD 50 million treasury bill which was due this month. The State Bank of India (SBI) subscribed to the USD 50 million T-bill issued by the Maldivian Finance Ministry for a period of one year in March 2019. The repayment period was subsequently extended at the request of