Yield on Mauritius 5-yr T-bond drops to 6.71 pct
PORT LOUIS Feb 22 (Reuters) - The Bank of Mauritius sold 1.02 billion rupees ($35.11 million) worth of five-year Treasury bonds from the 1.5 billion rupees on offer at auction on Wednesday. The weighted yield fell to 6.71 percent from 6.77 percent at a previous sale in October.
Following are the auction results:
FIVE-YEAR TREASURY BONDS DUE DATE: August 19, 2016 COUPON: 6.75 percent VALUE BIDS RECEIVED: 1,693.1 million rupees AMOUNT ACCEPTED: 1.020 billion rupees WEIGHTED PRICE: 100.151 WEIGHTED YIELD: 6.71 percent
($1 = 29.0500 Mauritius rupees) (Reporting by Jean Paul Arouff; Editing by Richard Lough/Anna Willard)
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