Business & Finance

Mauritius 5-year Treasury bond yield rises to 5.01pc

Published December 2, 2015 Updated December 2, 2015 03:40pm

1 min

By Shoaib Ur Rehman

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PORT LOUIS: The weighted average yield on a Mauritian five-year Treasury bond edged up to 5.01 percent at auction on Wednesday, from 4.95 percent at the country's last debt sale on Oct. 7, the central bank said.

The Bank of Mauritius sold all 1.4 billion rupees ($38.73 million) worth of the debt it had offered.

It got bids worth 1.832.5 billion rupees, with yields ranging from 4.85 percent to 5.84 percent.

The coupon for the bond due on December 4, 2020 was 4.85 percent, the bank said.

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