Mauritius Central Bank issues 1-year Certificates, 2-year Notes

In the context of the 55th Anniversary of the Independence of Mauritius, the Bank of Mauritius (Bank) has announced the issue of a One-Year Bank of Mauritius Certificates and a Two-Year Bank of Mauritius Notes with effect from 3 April 2023.

The Certificate and Note will be issued at par in multiples of Rs50,000 to Mauritian residents, domestic non-bank corporates and locally registered Non-Profit Making Organisations (NPOs).

Individuals will have the option to register the Certificate and Note in the name of a single adult; two adults jointly; or a minor represented by a parent or legal guardian.

The first issuance of the One-Year Bank of Mauritius Certificate will be made at 4.60%, while the two-Year Bank of Mauritius Note will be issued at 4.75%. 

The first interest payment to registered holders of the Certificate and Note will be effected by the Bank on 15 July 2023. Thereafter interest will be paid on a quarterly basis, namely on 15 October, 15 January, 15 April, for the duration of the Certificate and Note.

Source: Stock Exchange of Mauritius