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Sep 11, 2007 15:17 EEST
September 11 (SeeNews) - Croatia's Finance Ministry on Tuesday sold 321 million kuna ($60.6 million/43.8 million euro) in two Treasury bill issues, falling to meet its target volume of 400 million kuna, as yields fell.
The six-month government securities yielded 3.30%, down from 3.45% in the auction held last week. The yield on one-year T-bills edged down to 4.15% from 4.20% last week.
Three-month securities were not auctioned on Tuesday.
The ministry sold 50 million kuna worth of six-month T-bills and 271 million kuna in one-year government paper on Tuesday. Investors placed bids worth 452 million kuna in the auction.
After the auction the government's short-term debt in issued T-bills was 11.877 billion kuna, compared to 12.047 billion kuna a week earlier.
The ministry will hold its next auction on September 18 when it will offer T-bills worth 300 million kuna in par value.
(1 euro = 7.3234 Croatian kuna)
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