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Croatia’s share indices extend gains thanks to Podravka, Adris
Ljubljana share indices end week up, Telekom Slovenije leads gainers
Oct 23, 2007 15:05 EEST
October 23 (SeeNews) - Croatia's Finance Ministry on Tuesday sold 635 million kuna ($123 million/87 million euro) in three Treasury bill issues, far above its target volume of 400 million kuna, as yields were unchanged or lower.
Three-month government securities yielded 3.65% in Tuesday's auction, unchanged from in the previous auction held last week, the ministry said in a statement.
Yields on six-month treasury bills dipped to 3.90% from 3.95% last week, while one-year bills yielded unchanged at 4.50%.
The ministry sold 55 million kuna worth of three-month T-bills, 50 million kuna of six-month T-bills and 530 million kuna in one-year government paper. Investors placed bids worth a total of 785 million kuna in the auction. Banks bought the bulk of the government securities on offer.
After the auction the government's short-term debt in issued T-bills was 11.541 billion kuna, compared to 11.377 billion kuna a week earlier.
The ministry will hold its next auction on October 30 when it will offer T-bills worth 400 million kuna in par value.
(1 euro=7.3397 Croatian kuna)
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