Croatia rolls over 1.5bn EUR in T-bills at lower yield

ZAGREB: Croatia refinanced 1.5 billion euros ($1.74 billion) worth of 15-month treasury bills on Monday at a much lower yield than the last auction, finance ministry data showed.

Bids totalled 1.865 billion euros. The yield fell to 0.1 percent from 0.7 percent reached 15 months ago.

Close to 92 percent of the bills were taken up by the banks.

The finance ministry usually auctions bills with 3-month, 6-month and 1-year maturity denominated both in euros and the national kuna currency.

The next auction is tentatively planned for Nov. 21 when the ministry would seek to sell 1.7 billion kuna ($261.76 million) worth of bills.