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PORT LOUIS: Mauritius is planning to sell three-year and five-year Treasury bonds worth a combined 3.8 billion Mauritius rupees ($110.92 million), according to a central bank statement seen by Reuters on Thursday.
The Bank of Mauritius (BoM) said it would receive bids for the three-year notes worth 1.8 billion rupees on July 20 and auction them on the same day. It said the coupon rate would be set equal to or higher than the lowest yield at the auction.
The paper is due on July 25, 2020.
BoM said it would also receive bids and auction five-year Treasury bonds worth 2 billion rupees on July 22.
The bonds will mature on July 21, 2022, and their coupon rate will be determined in the same way as the three-year notes.
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