Maldives Repays $150 Million SBI Treasury Bill Facility | India Paid $45M Interest | Current Affairs

In this Current Affairs MCQ, learn about the Maldives’ recent repayment of a US$150 million Treasury Bill facility subscribed by the State Bank of India (SBI).

The Maldives fully settled the US$150 million facility, with the final US$50 million tranche repaid on 17 September 2026. The Treasury Bills had been subscribed by SBI since 2019 and were extended six times.

According to India’s Ministry of External Affairs, while the Maldives paid the principal amount, the Government of India bore the interest payments on the US$150 million Treasury Bills over the five-year period. The total interest paid by India was close to US$45 million.

This development is an important topic for Current Affairs, International Relations, Economy and India’s neighbourhood diplomacy. It is especially useful for UPSC, SSC, Railway, Banking, Defence, State PCS and other competitive examinations.

Question: Which neighbouring country recently completed repayment of the US$150 million Treasury Bill facility subscribed by the State Bank of India, with India bearing nearly US$45 million in interest costs?

Answer: Maldives

Channel: Current Affairs Studio
Topic: India-Maldives Relations
Facility: US$150 Million Treasury Bills
Bank: State Bank of India
Interest borne by India: Nearly US$45 Million
Final repayment: 17 September 2026
Category: International Relations, Economy & Current Affairs