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Croatia Sells T-Bills Above Target, Yields Flat

Oct 28, 2008, 2:12:09 PMArticle by Sofiya Angelova
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October 28 (SeeNews) - Croatia's Finance Ministry on Tuesday sold 275 million kuna ($47.7 million/38.2 million euro) in one issue of Treasury bills, above its total target offer of 200 million kuna, as yields remained unchanged.

Croatia Sells T-Bills Above Target, Yields Flat

Yields on the one-year Treasury bills, the single issue that traded on Tuesday, were 7.0%, the same as at the previous auction on October 21, the ministry said in a statement.

Investors placed bids worth 275 million kuna at Tuesday's auction.

The government's short-term debt in issued Treasury bills was 9.748 billion kuna after the auction, compared to 9.734 billion kuna kuna a week earlier.

The ministry will hold its next auction on November 4 when it will offer T-bills worth 300 million kuna in par value.

(1 euro = 7.2042 Croatian kuna)

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