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Croatia sells 264 mln kuna (35 mln euro), 160 mln euro of 1-yr T-bills - table

Author Annie Tsoneva
Croatia sells 264 mln kuna (35 mln euro), 160 mln euro of 1-yr T-bills - table Photo: City of Zagreb

ZAGREB (Croatia), October 21 (SeeNews) - Croatia's finance ministry said it sold 264 million kuna ($40.9 million/ 35.1 million euro) worth of one-year Treasury bills, below its 300 million kuna target, and 160 million euro ($186 million) worth of one-year Treasury bills, above the 140 million euro target.

The yield on the kuna-denominated issue was 0.00%, compared to 0.01% at the last auction of one-year kuna-denominated Treasury bills held on August 17, the finance ministry said in a statement on Tuesday when the T-bill auctions were held.

The yield on the euro-denominated Treasury bills was negative at -0.15%, compared to negative -0.05% at the last auction of one-year euro-denominated government paper held on May 18, the finance ministry said in a separate statement.

Both issues auctioned on Tuesday will mature on October 20, 2022.

Details follow in millions of currency units, unless stated otherwise:

Oct 19 (kuna) Aug 17 (kuna) Oct 19 (kuna) May 18 (euro)
Amount offered 300 1,000 140 10
Amount sold 264 983 160 11
Total bids placed 734 1,313 223.5 11
Average accepted price 100 99.986 100.151 100.050
Yield 0.00% 0.01% -0.15% -0.05%

100,151

The ministry will hold its next auction of treasury bills on November 30.

(1 euro = 7.518 kuna)

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