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

The euro-denominated T-bills yielded 6.5%, down from 6.8% in the previous auction held on October 6, the Ministry said.

In separate auctions, the ministry also sold one-year, six-month and three-month Treasury bills worth a combined 338 million kuna ($70.1 million/46.8 million euro), above its combined target offer of 120 million kuna.

The kuna-denominated one-year government securities yielded 7.6%, down from 7.7% in the previous auction held on October 6. The yield on the six-month T-bills was 7.5%, lower than the 7.7% achieved in previous auction on June 16, while the yield on the three-month T-bills fell to 7.5% from 7.6% on June 30, the Ministry said.

(1 euro = 7.2218 Croatian kuna)