ZAGREB: Croatia will seek to sell 1.5 billion euros ($1.75 billion) worth of treasury bills at an auction next week, the Finance Ministry said on Thursday.
On Nov. 6, the ministry will roll over only 15-month debt denominated in euros. Usually, it offers bills of three-month, six-month and one-year maturities denominated both in the national currency, the kuna, and euros.
The ministry last issued 15-month bills in euros in August last year when the interest rate amounted to 0.7 percent.
By the end of this year the ministry also plans to issue an international bond to refinance the debt held by the state highway-management company and needs to refinance a local bond worth 4.0 billion kuna ($619.08 million) which matures on Nov. 25.
Finance Minister Zdravko Maric said that refinancing preparations were well under way, but did not offer any details.
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