Reports just coming in indicates that, Mauritius, will be selling a three-year Treasury bond worth 1.5 billion rupees ($41.78 million) next week.
The Central Bank of Mauritius has just made the announcement today.
The Bank of Mauritius said in a statement it would receive bids on Jan. 14 and auction the bond on the same day. The bond would carry a coupon rate of 4.25 percent and will mature on Nov. 20, 2018, the bank said.
The bank will also auction a 20-year Treasury bond worth 1.5 billion rupees on Jan. 13.
It said the coupon rate for the paper, which will mature on January 15, 2036, will be set equal to or higher than the lowest accepted yield. ($1 = 35.9000 Mauritius rupees)
It is to be noted that the selling of treasury bonds by the Central Bank of Mauritius was also done last year, around April with nearly $40 billion worth Treasury bonds sold. Economic indices indicated that these bonds rose to about 4.56 pct.