Croatia Sells T-Bills Below Target, Yields Flat

Yields on the one-year Treasury bills, the single issue that was traded on Tuesday, were 6.0%, the same as in the previous auction on October 7, the ministry said in a statement.

The ministry also offered six-month T-bills worth 30 million kuna and three-months T-bills worth 20 million kuna, in Tuesday's auction but investors ignored them.

The government's short-term debt in issued Treasury bills was 10.017 billion kuna after the auction, compared to 10.230 billion kuna a week earlier.

The ministry will hold its next auction on October 21 when it will offer T-bills worth 400 million kuna in par value.

(1 euro = 7.148 Croatian kuna)