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Nov 20, 2023 18:52 EEST
November 20 (SeeNews) - Croatia's finance ministry will offer 100 million euro ($109 million) worth of one-year Treasury bills, at an auction aimed at institutional investors on November 21, it said on Monday.
The issue of government securities will mature on November 21, 2024, the finance ministry said in an auction notice.
The government said earlier it plans to issue this month its first ever Treasury bills available to both retail and institutional investors, targeting to raise 440 million euro. it also announced back than it could adjust the amount of the offer, depending on investor demand.
The subscription for T-bills for individual investors was held from November 13 to November 20.
In a separate press release, the finance ministry said that retail investors subscribed for 985 million euro worth of the Treasury bill issue and they had paid 935 million euro intraday on Monday. The ministry expected that the total subscribed amount will be paid by retail investors until the end of the day.
The ministry will announce the final conditions of the T-bill issue on Tuesday, following the auction for institutional investors.
At the last auction of T-bills held on August 16, the finance ministry sold 12.5 million euro worth of 182-day Treasury bills, below its target of 20 million euro, at a yield of 3.20%, unchanged from the previous auction of six-month T-bills held on May 2.
($ = 0.914 euro)
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