• Default risk-free, gilt-edged debt instrument
  • Treasury bill is a short-term zero-coupon debt instrument and Treasury bond is a medium to long term debt instrument.
  • Maturity proceeds (Face value) will be paid at maturity for Treasury bills and Treasury bonds carries half yearly coupon payments and the principal is repaid at maturity
  • Yield rates are determined by the market
  • Tradable instruments in the secondary market
  • Issued in scripless form
  • T-bills and T-bonds are exempted from Withholding Tax (WHT).
  • Minimum Investment is Rs. Five million (Rs.5,000,000) and multiples of Rs. One million (Rs.1,000,000) for primary market. No minimum amount for secondary market investments.