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Mauritius' 3-year bond yield dips to 3.36 percent at auction

A Mauritian man rides his motorbike past Mauritius' central bank in the capital Port Louis,file. REUTERS/Ed Harris

PORT LOUIS (Reuters) - The weighted average yield on Mauritius' three-year bond fell to 3.36 percent at an auction on Tuesday from 3.48 percent at the last sale on May 19, the central bank said. The bank sold all the 2 billion rupees ($56.66 million) worth of the debt it had offered. It received bids worth a total 2.8 billion rupees at yields ranging from 3.20 percent to 4.0 percent. The bond has a coupon rate of 3.20 percent and is due to mature on June 8, 2019. ($1 = 35.3000 Mauritius rupees) (Reporting by Jean Paul Arouff; Editing by Elias Biryabarema and Alison Williams)