MAURITIUS OFFERS TWO BONDS WORTH 3.1 BLN RUPEES

MAURITIUS OFFERS TWO BONDS WORTH 3.1 BLN RUPEES

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MAURITIUS

(Reuters) Mauritius will auction a reopened three-year Treasury bond and a 15-year inflation-linked bond at two separate auctions next week, the central bank said on Wednesday.

The Bank of Mauritius said in a statement it would receive bids on April 6 and auction the three-year bond, worth 1.8 billion rupees ($51.28 million), on the same day. It will carry a coupon rate of 2.90 percent and will mature in 2020.

The bank said it would also auction the inflation-indexed Treasury bond worth 1.3 billion rupees on April 5.

The bond will bear interest annually at the weighted accepted bid margin plus the 12-month average inflation rate at the end of February every year, the central bank said in a statement. ($1 = 35.1000 Mauritius rupees)

 

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