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ZAGREB: Croatia sold 1.5 billion kuna ($248.87 million) worth of one-year treasury bills on Tuesday, with yield remaining flat at 0.09 percent for the third consecutive auction, Finance Ministry data showed.
The result beat the target originally set at 1.3 billion kuna. The bids amounted to 1.77 billion kuna amid good liquidity.
More than 80 percent of the bills were bought by non-banking investors.
The ministry occasionally also auctions bills with 3-month and 6-month maturities as well as those denominated in euros.
After the auction Croatia's over-all short-term debt in the local currency inched down to 19.51 billion kuna from 19.53 billion.
The next auction will be held on Feb. 27.
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