Business & Finance
Mauritius to sell $43mn Treasury notes
PORT LOUIS : Bank of Mauritius will sell Treasury notes worth 1.2 billion rupees $42.70 million in maturities of two,
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PORT LOUIS: Bank of Mauritius will sell Treasury notes worth 1.2 billion rupees $42.70 million in maturities of two, three and four years at auction next week, the central bank said on Wednesday.
The two-year note will carry an annual interest rate of 5.25 percent, while the three-year paper will have a 5.50 percent interest rate. The four-year note will bear a 5.75 percent interest rate.
Bank of Mauritius said it would receive bids on June 22 and auction the notes on the same day.
Copyright Reuters, 2011
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