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

The euro-denominated T-bills yielded 5.9%, down from 6.5% in the previous auction held on October 20, the Ministry said.

In separate auctions, the ministry also sold one-year, six-month and three-month Treasury bills worth a combined 152 million kuna ($31.1 million/21 million euro), above its combined target offer of 90 million kuna.

The kuna-denominated one-year government securities yielded 7.0%, down from 7.6% in the previous auction held on October 20. The yield on the six-month T-bills was also 7.0%, lower than the 7.5% achieved in previous auction, while the yield on the three-month T-bills fell to 6.9% from 7.5% at the previous auction, the Ministry said.

(1 euro = 7.23 Croatian kuna)