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PORT LOUIS: A new benchmark three-year Mauritius Treasury note fetched a weighted average yield of 3.26 percent at auction on Wednesday, the central bank said.

The Bank of Mauritius sold all the 1.6 billion rupees ($49.46 million) of debt that it had offered. Bids totalled 4.3 billion rupees, with yields ranging from 3.18 percent to 3.27 percent.

The bond has a coupon rate of 3.18 percent and is due on January 26, 2021.

 

Copyright Reuters, 2018

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