ZAGREB: Croatia will offer one-year treasury bills worth 1.0 billion kuna ($153 million) at an auction on Feb. 12, the Finance Ministry said on Thursday.
At the previous auction, held last week, the sale fell short of target as the market was gearing up for longer-term bonds issued a few days after the auction.
The Croatian finance ministry sometimes also offers three-month and six-month bills, as well as euro denominated papers. Last week it also refinanced 15-month euro bills worth 1.0 billion euros.
The benchmark overnight rate on the local money market was quoted at 0.33 percent on Thursday and the one-year rate at 0.52 percent. Daily market rates change at 1000 GMT.
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