It is noteworthy that outstanding investment by individuals on the secondary market increased from Rs1.8 billion as at end-December 2017 to nearly Rs6.0 billion as of date. We thank banks for creating the awareness for these attractive instruments and broadening their access to the public at large.
The development of bond markets has been on the agenda of the Bank since long and we cherish the idea of seeing a vibrant bond market in Mauritius. We issued a Guideline on Commercial Papers last June. Commercial papers are short-term money market instruments issued by companies in the form of promissory notes, which can be subscribed by the public.