March 15, 2017 / 10:30 AM / in 8 months

Yield on Mauritius 20 year Treasury bond falls to 6.54 pct

PORT LOUIS, March 15 (Reuters) - The weighted average yield on Mauritius’ 20-year Treasury bond fell to 6.54 percent at an auction on Wednesday from 6.89 percent on July 20, 2016, the central bank said.

Bank of Mauritius sold all 1.9 billion rupees ($53.5 million) of the debt it offered.

Bids totalled 5.50 billion rupees, with yields ranging from 6.24 percent to 6.95 percent. The bond has a coupon of 6.24 percent and matures on March 17, 2037.

The bank said in a separate statement it planned to sell three-year Treasury notes worth a total 1.8 billion rupees on March 22. ($1 = 35.4800 Mauritius rupees) (Reporting by Jean Paul Arouff; Editing by George Obulutsa)

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