The Bank of Mauritius has announced the issuance of the "Fifteen-Year Government of Mauritius Retirement Savings Bond" with a 6% annual yield over 15 years. This new savings product is designed for Mauritian residents aged 50 to 65, offering a guaranteed investment by the state to secure the future of seniors. The bond will be available for subscription starting October 15, 2026.
The minimum investment for the bond is set at Rs 100,000, payable in multiples of Rs 100,000, with a maximum limit of Rs 2 million per subscriber. Interest payments will be made semi-annually on March 15 and September 15 until the bond's maturity on October 15, 2041. This provides a regular income stream for investors during their retirement years.
However, the bond comes with a minimum holding period of five years. Early redemption is possible but will result in a recalculation of interest at a rate of 4.5% or the market rate, whichever is lower. Additionally, the bond is non-transferable, cannot be used as collateral, and cannot be held jointly. In the event of the subscriber's death, the net proceeds will be paid directly to the beneficiaries.
The subscription period for the bond will run from October 15 to December 23, 2026, subject to early closure by the government. Interested investors can apply through 11 authorized banking institutions: ABC Banking Corporation Ltd, Absa Bank (Mauritius) Limited, AfrAsia Bank Limited, Bank One Limited, Bank of Baroda, Banque Patronus Limitée, BCP Bank (Mauritius) Ltd, MauBank Ltd, SBI (Mauritius) Ltd, SBM Bank (Mauritius) Ltd, and The Mauritius Commercial Bank Ltd.
The detailed prospectus and application form for the bond are available on the Bank of Mauritius's official website (www.bom.mu). This provides potential investors with comprehensive information to make informed decisions about their investments. The central bank's move aims to provide a secure and attractive savings option for Mauritians approaching retirement.
The "Fifteen-Year Government of Mauritius Retirement Savings Bond" is part of the government's efforts to promote retirement savings and financial security for its citizens. By offering a guaranteed 6% return over 15 years, the bond provides a reliable investment option for those seeking to secure their post-retirement income.
With its attractive terms and government guarantee, the bond is expected to be a popular savings option for eligible Mauritian residents. The Bank of Mauritius has taken steps to ensure that the investment process is accessible and convenient, with multiple authorized banking institutions available to handle subscriptions.
Key points
- The bond offers a 6% annual yield over 15 years, with a minimum investment of Rs 100,000 and a maximum limit of Rs 2 million per subscriber.
- The bond comes with a minimum holding period of five years, and early redemption will result in a recalculation of interest at a lower rate.
- The subscription period for the bond will run from October 15 to December 23, 2026, through 11 authorized banking institutions.
