May 24 (SeeNews) - Croatia aims to raise 900 million euro ($975 million) in total from two Treasury bill issues available to both retail and institutional investors, prime minister Andrej Plenkovic said.
"So far, our citizens have shown strong interest, a high level of trust, and investment abilities, and we expect that again," Plenkovic told a weekly cabinet session, as seen in a video recording on the government website. He referred to the first issues of retail government bonds and treasury bills made last year and earlier this year.
The government will offer one issue of bills with a maturity of three months, aiming to raise 250 million euro. It will also offer a one-year issue of bills, aiming to collect about 650 million euro.
The two issues will have discount prices equal to annual yields of 3.75% and 3.65%, respectively, unchanged compared to the previous issues in February.
The subscription for the retail investors starts on Monday, May 27, state TV broadcaster HRT reported, citing finance minister Marko Primorac as saying during a news conference.
($ = 0.923 euro)