Mauritius 364-day T-bill yield rises to 3.92pc

PORT LOUISL: The weighted average yield on Mauritius' 364-day Treasury bills rose to 3.92 percent at auction on Friday from 3.88 percent at a previous sale on August 31, the central bank said on Friday.

The Bank of Mauritius received bids worth 590 million rupees ($19.4 million), but accepted only the 400 million rupees worth of bills it had offered, it said in a statement.

Investors put in bids at rates ranging from 4.15 percent to 3.89 percent.

The bank rate posted was 3.46 percent.