S.L. 575.2 Art. 4Description of the debt security.

(1) Treasury Bills are fixed term zero-coupon debt security denominated in euro and shall have a maturity of not more than twelve months from the date of issue. Typically, the Accountant General holds regular weekly auctions for one or any combination of maturities consisting of 1 month (typically 28 days), 3 months (typically 91 days), six months (typically 182 days), 9 months (typically 273 days) and one year (typically 364 days).

(2) In addition to the weekly auctions, if the circumstances so warrant, the Accountant General may also on occasion issue Treasury Bills with maturity dates from 1 to 364 days on an ad hoc basis through ad hoc tenders. Tenders shall be identical to those issued for Treasury Bills via weekly tenders.