Markets

Mauritius 4-year central bank note yield rises to 3.84pc

Published June 16, 2016 Updated June 16, 2016 12:37pm

1 min

By Shoaib Ur Rehman

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PORT LOUIS: The weighted yield on a four-year Bank of Mauritius bond rose to 3.84 percent at auction on Thursday from 3.70 percent at the last sale on May 23, the central bank said.

The bank sold all the 1.5 billion rupees ($42.40 million)worth of the debt it had offered.

Bids received amounted to 1.965 billion rupees at yields ranging from 3.50 percent to 4.25 percent.

The bond will mature on June 17, 2020, and has a coupon rate of 3.50 percent.

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