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Croatia Sells Euro T-bills Above Target, Kuna T-bills Below Target

Sep 22, 2009, 3:40:15 PMArticle by Kire Nedelkovski
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September 22 (SeeNews) - Croatia's Finance Ministry on Tuesday sold one-year Treasury bills worth 131 million kuna ($18 million/26 million euro), below its target offer of 150 million kuna, and one-year T-bills worth 36.3 million euro ($53 million), versus 20 million euro on offer, in two separate auctions, it said.

Croatia Sells Euro T-bills Above Target, Kuna T-bills Below Target

The kuna-denominated government securities yielded 7.7%, down from 7.8% at the previous auction held on September 15, the ministry said in a statement on its website.

The euro-denominated T-bills yielded 6.95%, down from 7.2% at the previous auction.

(1 euro = 7.2907 Croatian kuna)


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