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Croatia to sell 500 mln kuna (67 mln euro), 30 mln euro of 1-yr T-bills on Oct 22

Croatia to sell 500 mln kuna (67 mln euro), 30 mln euro of 1-yr T-bills on Oct 22 Author: Radomir Ralev

ZAGREB (Croatia), October 18 (SeeNews) - Croatia's finance ministry said it will offer 30 million euro ($33.4 million) worth of one-year Treasury bills and 500 million kuna ($74.8 million/67.2 million euro) of one-year T-bills at two separate auctions on October 22.

Both issues will mature on October 22, 2020, the ministry said in a statement on Thursday.

The ministry last held an auction of one-year kuna-denominated T-bills on August 27 when it sold 81 million kuna worth of government securities, below the 200 million kuna target. The yield on the issue stood at 0.07%, down from 0.08% from the previous auction of one-year T-bills held on August 20.

The last issue of euro-denominated one-year T-bills was also placed on August 27 when the finance ministry sold 32 million euro worth of government securities, below its 40 million euro target. The issue yielded a negative 0.05%, compared to a zero percent yield at the previous such auction held on May 21.

(1 euro = 7.44355 kuna) 

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