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Croatia sells 483 mln kuna (65.1 mln euro) of T-bills, above target - table

Croatia sells 483 mln kuna (65.1 mln euro) of T-bills, above target - table Author: Radomir Ralev

ZAGREB (Croatia), May 22 (SeeNews) - Croatia's finance ministry sold a total of 483 million kuna ($72.6 million/65.1 million euro) worth of one-year and three-month Treasury bills at an auction on May 21, above its 300 million kuna target, it said.

The yield on the one-year issue stood at 0.08%, same as the yield achieved at the last auction of one-year T-bills held on April 30, while the yield on the three-month government securities amounted to 0.03%, the finance ministry said in a statement on Tuesday.

The finance ministry rejected all bids submitted in the previous auction of three-month T-bills held on June 5, 2018 when it offered government securities worth 100 million kuna.

The one-year issue auctioned on Tuesday will mature on May 21, 2020, while the three-month issue will mature on August 22, 2019.  

Details follow in millions of kuna (unless stated otherwise):

Auction date May 21 (1-yr) April 30 May 21 (3-mo) June 5, 2018
Amount offered 200  500 100  100
Amount sold (kuna) 283  690 200  0
Total bids placed (kuna) 288  970 244  5
Average accepted price 99.920  99.925 99.993  -
Yield 0.08% 0.08% 0.03% -

(1 euro = 7.42527 kuna)

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