We eliminated paper bids at auctions and moved to a platform where participants can submit their bids online. We enlarged the spectrum of instruments by introducing a 273-Day Treasury Bill as from October 2011. We introduced single-maturity auctions as from November 2011 to enable the Government to determine its debt profile.
New benchmark securities — 3-Year Treasury Notes and 5-Year Bonds — were issued to enhance liquidity in the secondary market. We finalized preparations for trading these benchmark securities on the Stock Exchange to create a proper bond market for Mauritius. Concurrently, the issue of 2-Year and 4-Year Treasury Notes was discontinued in 2012.