Croatia to offer 700mn HRK in T-bills next week

ZAGREB: Croatia will offer 700 million kuna ($105 million) worth of treasury bills at an auction next week, the Finance Ministry said on Wednesday.

On May 31, it will offer only the longest-maturity one-year paper in the national kuna currency although the ministry often auctions also three- and six-month papers and those denominated in euros.

This week the auction fell short of targets.

The benchmark overnight rate on the local money market was quoted at 0.37 percent on Wednesday and the one-year rate at 1.32 percent.