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Notice of Tender for Government of Mauritius Treasury Bills

Further to the communiqués dated 01 March 2017 on Advance Notice and Guidelines on the Operational Framework for Primary Dealers, the Bank of Mauritius (Bank) will, on Friday 10 March 2017, issue Government of Mauritius Treasury Bills (GMTB) with maturities of 91, 182 and 364 days for a total nominal amount of Rs2,000 million in multiples of Rs100,000, on a yield basis quoted to two decimal places for same day settlement.


2. Primary Dealers may submit, bids for GMTB of the above maturities, up to a maximum of three bids per maturity, one for each bid yield, which, however, should not exceed the tender amount in the aggregate.


3. Primary Dealers may submit bids through the Reuters dealing System before 10.00 a.m. on Friday 10 March 2017. Bids received after the prescribed time and date will not be considered.


 4. Results of the auction will be announced on the same day and successful bidders will be required to effect payment of the cost price of the GMTB through the Mauritius Automated Clearing and Settlement System, at latest by 1.00 p.m. on the same day, i.e., on Friday 10 March 2017.


5. The Bank of Mauritius reserves the right to accept or reject any bid either in full or in part, without assigning any reason in respect thereof.