Croatia to offer 1bn HRK, 10mn EUR in T-bills next week

ZAGREB: Croatia will offer treasury bills worth 1 billion kuna ($155.30 million) and 10 million euros ($11.52 million) at separate auctions on Oct. 23, the Finance Ministry said on Thursday.

In its first auction since Aug. 28, the ministry will offer one-year paper in both auctions. Occasionally it also offers three-month and six-month bills.

At the previous auctions in August the sale of the kuna-denominated bills fell short of target, while that of the euro bills strongly surpassed the target.

The benchmark overnight rate on the local money market was quoted at 0.34 percent on Thursday and the one-year rate at 0.53 percent. Daily market rates change at 0900 GMT.