at what price treasury bills are issued
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Instead, they are issued at a discount and redeemed at the face value at maturity.
If you want an example then see this:-
a 91 day Treasury bill of ₹100/- (face value) may be issued at say ₹ 98.20, that is, at a discount of say, ₹1.80 and would be redeemed at the face value of ₹100/-.
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