Mauritius 3-year Treasury note yield rises to 2.75pc

PORT LOUIS: The weighted average yield on Mauritius' 3-year Treasury note rose to 2.75 percent at auction on Wednesday from 2.43 percent at the previous sale in October, the central bank said.

The Bank of Mauritius sold all the 1.6 billion rupees ($47.05 million) of debt that it had offered.

Bids totalled 2.530 billion rupees, with yields ranging from 2.60 percent to 2.84 percent.

The bond has a coupon rate of 2.37 percent and is due on October 13, 2020.