Mauritius 3-year Treasury bond yield rises to 2.61pc

PORT LOUIS: The weighted average yield on Mauritius' 3-year Treasury bond rose to 2.61 percent at auction on Wednesday from 2.56 percent at the previous sale in July, the central bank said.

The Bank of Mauritius sold all the 1.6 billion rupees ($48.56 million) of debt that it had offered.

Bids totalled 3.350 billion rupees, with yields ranging from 2.59 percent to 2.63 percent.

The bond has a coupon rate of 2.55 percent and is due on July 25, 2020.