Mauritius offers 1.2bn rupee Treasury notes

PORT LOUIS: Bank of Mauritius will offer Treasury notes worth 1.2 billion rupees ($41.38 million) in maturities of two, three and four-years at a sale next week.

The two-year note will carry an annual interest rate of 4.50 percent, while the three-year will have a 4.75 percent interest rate. The four-year note will bear a 5 percent interest rate.

Bank of Mauritius said it will receive bids on March 23 and auction the notes on the same day.