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Business & Finance

Croatia to offer 1.2bn kuna in T-bills next week

Published Updated

ZAGREB: Croatia's Finance Ministry said on Thursday it will offer 1.0 billion kuna ($152 million) in one-year treasury bills and 200 million kuna in six-month paper at separate auctions next week.

At the auction scheduled for Feb. 19, the ministry will offer the six-month bills for the first time since June 5, 2018, when they yielded 0.06 percent.

This week's auction of one-year paper slightly surpassed the target, while the yield was flat at 0.09 percent. The yield has not changed since Jan. 30, 2018.

The Croatian finance ministry sometimes also offers three-month bills and those denominated in euros.

The benchmark overnight rate on the local money market was quoted at 0.33 percent on Thursday and the one-year rate at 0.52 percent. Daily market rates change at 1000 GMT.

Copyright Reuters, 2019
 

 

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