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Mauritius offers 2-year central bank note worth 1bn rupees

Published August 3, 2015 Updated August 3, 2015 06:35pm

1 min

By Shoaib Ur Rehman

PORT LOUIS: Mauritius will sell two-year Bank of Mauritius Notes worth 1 billion rupees ($28 million) this week, the central bank said on Monday.

The Bank of Mauritius said in a statement it would receive bids on Aug. 4 and auction the bond on the same day.

The central bank said the coupon rate would be set equal to or higher than the lowest yield at auction.

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