Business & Finance

Mauritius 364-day Treasury bills' yield rises to 1.75pc

Published September 5, 2014 Updated September 5, 2014 11:28am

1 min

By Shoaib Ur Rehman

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PORT LOUIS: The weighted average yield on Mauritius' 364-day Treasury bills rose to 1.75 percent at auction from 1.30 percent at the previous sale on August 18, the central bank said on Friday.

The Bank of Mauritius put on sale 1 billion Mauritius rupees ($32.10 million) worth of debt instruments but accepted bids for 1.020 billion rupees.

Bids totalled 2.710 billion rupees, at rates ranging from 3.95 percent to 1.46 percent.

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