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Business & Finance

Croatia sells T-bills just above target, yield flat

Published Updated

ZAGREB: Croatia sold 1.02 billion kuna ($155.39 million) of one-year treasury bills at an auction on Tuesday, with the yield flat at 0.09 percent, finance ministry data showed.

The target was set at 1.0 billion kuna. Some 1.3 billion kuna worth of bills mature this week.

Non-banking investors bought some 60 percent of the paper.

Occasionally, the ministry also sells bills with three-month and six-month maturities, as well as those denominated in euros.

Following the auction, Croatia's short-term local currency debt fell to 17.06 billion kuna from 17.34 billion.

The next auction will take place on Feb. 19.

Copyright Reuters, 2019

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