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Dec 11, 2007 14:33 EEST
December 11 (SeeNews) - Croatia's Finance Ministry on Tuesday sold 722 million kuna ($144.7 million/98.6 million euro) in three Treasury bill issues, above its target offer of 500 million kuna, as yields remained mostly unchanged.
Yields on three-month papers were 3.60%, unchanged from the previous auction when they traded on November 15, the ministry said in a statement.
Yields on six-month government securities stood at 3.75%, unmoved from their last auction on November 22. One-year securities yielded 5.00%, up from 4.90% in the auction on November 29.
The ministry sold three-month papers worth 150 million kuna, six-month securities of another 150 million kuna and one-year papers worth 422 million kuna in par value.
In the Tuesday auction, investors placed bids worth 862 million kuna, and as has become usual, most of them were for one-year Treasury bills.
The government's short-term debt in issued T-bills was 11.662 billion kuna after the auction, compared to 11.598 billion kuna a week earlier.
The ministry will hold its next auction on December 18 when it will offer T-bills worth 450 million kuna in par value.
(1 euro=7.3193 Croatian kuna)
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