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

Sep 15, 2009, 4:57:00 PMArticle by Sabina Kotova
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September 15 (SeeNews) - Croatia's Finance Ministry on Tuesday sold one-year Treasury bills worth 285 million kuna ($57 million/39 million euro), above its target offer of 50 million kuna, and one-year T-bills worth 60.825 million euro ($88.9 million), versus 30 million euro on offer, in two separate auctions, it said.

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

The kuna-denominated government securities yielded 7.8%, unchanged from the previous auction held on September 8, the ministry said in a statement on its website.

The euro-denominated T-bills yielded 7.2%, down from 7.35% at the previous auction.

(1 euro = 7.3503 Croatian kuna)

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