Business & Finance

Mauritius 3-year Treasury note yield rises to 3.62pc

Published June 22, 2016 Updated June 22, 2016 03:05pm

1 min

By Shoaib Ur Rehman

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PORT LOUIS: The weighted average yield on a three-year government Treasury note rose to 3.62 percent at an auction on Wednesday from 3.48 percent at a previous sale on May 19, the central bank said.

The Bank of Mauritius received bids of 1.285 billion rupees ($36.5 million) for 1.3 billion rupees it had offered.

Yields ranged from 3.40 percent to 4 percent.

The paper has a coupon rate of 3.40 percent and is due on June 24, 2019.

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