Croatia to auction 1.3bn HRK of T-bills on March 10

ZAGREB: Croatia will offer treasury bills worth 1.3 billion kuna ($188.49 million) at an auction on March 10, the same amount offered this week, the Finance Ministry said on Thursday.

The ministry will offer 100 million kuna in three-month bills, 200 million kuna in six-month bills and 1.0 billion kuna in one-year bills.

In this week's auction Croatia sold treasury bills just above target and investors were largely focused on the bill of the longest, one-year maturity. This week Croatia also tapped international markets with a bond worth 1.5 billion euros ($1.66 billion).

The benchmark overnight rate on the local money market was quoted at 0.55 percent on Thursday. The one-year rate stood at 1.82 percent.