It is a greater pleasure still to see that Government securities have finally found their way to the Stock Exchange after several timid attempts made in the past. Indeed the Bank of Mauritius has been striving for more than a decade to develop a secondary market for Government papers.
In November 1992 when the Bank started with the weekly auctioning of Treasury bills a strategy for the development of a secondary market was devised. It remained a paperstrategy and did not find its way through. In February 1994, the Bank made a second attempt.