Business & Finance
Mauritius 3-year Treasury bond yield rises to 3.65pc
PORT LOUIS: The weighted average yield on Mauritius' 3-year Treasury bond rose to 3.65 percent at auction on W
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PORT LOUIS: The weighted average yield on Mauritius' 3-year Treasury bond rose to 3.65 percent at auction on Wednesday from 3.55 percent at the last sale, the central bank said.
The Bank of Mauritius sold all the 1.8 billion rupees ($51.21 million) of debt that it had offered.
Bids received totalled 2.98 billion rupees, with yields ranging from 3.48 percent to 4.0 percent. The bond has a coupon rate of 2.90 percent and is due on Feb. 17, 2020.
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