January 10, 2018 / 10:13 AM / 6 months ago

Mauritius offers 15-yr bond worth 1.5 bln rupees for sale

PORT LOUIS, Jan 10 (Reuters) - The Bank of Mauritius said on Wednesday it would sell a 15-year Treasury bond worth 1.5 billion rupees ($45 million) at an auction next week.

The central bank said it would receive bids on Jan. 17 and auction the bond the same day.

Bank of Mauritius said the coupon rate for the paper, which is due on Jan. 19, 2033, will be equal or higher than the lowest yield at auction.

The bank also said it would auction a two-year Bank of Mauritius notes worth 2 billion rupees on Jan. 11.

It said the coupon rate for this instrument will be equal to or higher than the lowest yield at auction. ($1 = 33.3500 Mauritius rupees) (Reporting by Jean Paul Arouff; Editing by George Obulutsa)

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