Croatia to offer 900mn HRK in T-bills next week

ZAGREB: After a month-long absence, offering 900 million kuna ($150.17 million) in one-year bills, the Finance Ministry said on Thursday.

The auction will take place on April 24.

The ministry also sometimes sells bills of three-month and six-month maturities as well as those denominated in euros although in recent auctions the focus has exclusively been on one-year kuna bills.

At the previous auction, held on March 27, the outcome fell short of the target. The yield was quoted at 0.09 percent

The benchmark overnight rate on the local money market was quoted at 0.27 percent on Thursday, and the one-year rate at 0.54 percent. Daily market rates change at 0900 GMT.