Business & Finance

Mauritius 3-year Treasury bond yield unchanged at 3.20pc

Published September 28, 2016 Updated September 28, 2016 03:05pm

1 min

By Shoaib Ur Rehman

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PORT LOUIS: The weighted average yield on Mauritius' 3-year Treasury bond was unchanged at 3.20 percent at auction on Wednesday, the central bank said.

The Bank of Mauritius sold all the 1.5 billion rupees ($42.61 million) of debt that it had offered. Bids totalled 3.100 billion rupees, with yields ranging from 3.10 percent to 3.80 percent.

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

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