Mauritius 3-year Treasury bond yield falls to 3.0pc

PORT LOUIS: The weighted average yield on Mauritius' 3-year Treasury bond fell to 3.0 percent at auction on Wednesday from 3.17 percent at the last sale in May, the central bank said.

The Bank of Mauritius sold all the 1.8 billion rupees ($51.98 million) of debt that it had offered.

Bids totalled 5.2 billion rupees, with yields ranging from 2.90 percent to 3.35 percent.

The bond has a coupon rate of 2.90 percent and is due on Feb. 17, 2020.