The MCB and the African Development Bank (ADB) signed on Monday a financial package of USD 150 million (about Rs 4.6 billion)

Ravin Dajee, Chairman of the Mauritius Bankers Association, told Reuters the government's decision to borrow in foreign currencies rather than raising money locally through the issue of more Treasury bills had exacerbated the situation

International Conference on Islamic Banking and Finance in Mauritius is going to be held on April 5-6, 2011

The issue has a final maturity of 15th March 2016, pays a semi-annual coupon of 2.5% and has an issue price of 99.843% to give a spread of + 26.6 basis points over the UST 2% due Jan 2016, equivalent to 4 basis points over mid-swaps.