Croatia beats targets in T-bill auctions, yields mostly lower

ZAGREB: Croatia sold more Treasury bills than planned at auctions on Tuesday, while yields mostly fell, Finance Ministry data showed.

The investors mostly focused on the longest-maturity one-year kuna bills whose yield was the only one that remained unchanged, at 1.50 percent.

The sale of Treasury bills has been largely successful in recent months amid a shortage of other attractive investment instruments in the newest European Union member.

Croatia's total Treasury bill debt amounts to 20.94 billion kuna ($3.19 billion) in local currency and 90.7 million euros ($104.31 million).