Further to the Communiqué for issuance of Government securities released on the 7th July 2015, potential investors are hereby informed that during January to June 2016, the Bank of Mauritius, acting as agent of Government, will issue Treasury Bills, Treasury Notes and Government of Mauritius Bonds to institutional investors and the public as specified below.
The Ministry of Finance and Economic Development (hereinafter referred as ‘Ministry’) reserves the right to amend the issuance plan.
A. Treasury Bills
Treasury Bills with maturities of 91, 182 and 364 days will continue to be issued at an auction until further notice. The range for the amount to be issued for the coming two months and the tender amount for the coming two weeks will be posted on the websites of the Ministry and the Bank of Mauritius. A communiqué detailing the terms of the auction will be issued at least one day prior to the auction.
B. Three-Year Benchmark Treasury Notes
Three-Year Treasury Notes (TN) for an aggregate nominal amount of Rs 8.1 billion will be issued through auctions on a monthly basis as per dates specified in the table below.
Auction dates |
Settlement Dates |
Amount
Rs Million |
Thursday 14th January 2016 |
Monday 18th January 2016 |
1,500 |
Wednesday 17th February 2016 |
Friday 19th February 2016 |
1,300 |
Wednesday 23rd March 2016 |
Friday 25th March 2016 |
1,300 |
Wednesday 27th April 2016 |
Friday 29th April 2016 |
1,300 |
Thursday 19th May 2016 |
Tuesday 24th May 2016 |
1,400 |
Wednesday 22nd June 2016 |
Friday 24th June 2016 |
1,300 |
A prospectus outlining the terms and conditions for the issuances will be published at least one week prior to the auction dates.
C. Government of Mauritius Bonds
(i) Five-Year Benchmark Government of Mauritius Bonds
Five-Year Government of Mauritius Bonds for an aggregate nominal amount of Rs 4.3 billion will be issued through auctions on the dates specified in the table below.
Auction Dates |
Settlement Dates |
Amount
Rs Million |
|
Wednesday 20th January 2016 |
Friday 22nd January 2016 |
1,500 |
Wednesday 20th April 2016 |
Friday 22nd April 2016 |
1,400 |
Wednesday 18th May 2016 |
Friday 20th May 2016 |
1,400 |
A prospectus outlining the terms and conditions for the issuances will be published at least one week prior to the auction dates.
(ii) Long Term Bonds
Ten-Year, Fifteen-Year Inflation Indexed, Fifteen-Year and Twenty-Year Government of Mauritius Bonds for an aggregate nominal amount of Rs 9 billion will be issued through auctions on the dates specified in the table below.
Auction Dates |
Settlement Dates |
Amount
Rs Million |
Instruments |
Wednesday 13th January 2016 |
Friday 15th January 2016 |
1,500 |
Twenty-Year Bonds |
Wednesday 3rd February 2016 |
Friday 5th February 2016 |
1,500 |
Ten-Year Bonds |
Wednesday 9th March 2016 |
Friday 11th March 2016 |
1,500 |
Fifteen-Year Inflation Indexed Bonds |
Wednesday 13th April 2016 |
Friday 15th April 2016 |
1,500 |
Twenty-Year Bonds |
Wednesday 11th May 2016 |
Friday 13th May 2016 |
1,500 |
Ten-Year Bonds |
Wednesday 8th June 2016 |
Friday 10th June 2016 |
1,500 |
Fifteen-Year Bonds |
A prospectus outlining the terms and conditions for the issuances will be published at least one week prior to the auction dates.
Ministry of Finance and Economic Development Bank of Mauritius
30 November 2015