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Mauritius' 3-year bond yield dips to 3.36pc at auction

Published June 7, 2016 Updated June 7, 2016 12:21pm

1 min

By Parvez Jabri

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PORT LOUIS: The weighted average yield on Mauritius' three-year bond fell to 3.36 percent at an auction on Tuesday from 3.48 percent at the last sale on May 19, the central bank said.

The bank sold all the 2 billion rupees ($56.66 million) worth of the debt it had offered. It received bids worth a total 2.8 billion rupees at yields ranging from 3.20 percent to 4.0 percent.

The bond has a coupon rate of 3.20 percent and is due to mature on June 8, 2019.

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