Croatia's T-bill sale slightly below target, yield flat

ZAGREB: Croatia sold 253 million kuna ($38.17 million) worth of treasury bills at an auction on Tuesday with flat yield, Finance Ministry data showed.

The sale fell short of the target set at 300 million kuna. The yield remained unchanged at 0.08 percent.

Around 80 percent of the paper was bought by banks.

After the auction Croatia's short-term local currency debt fell to 17.79 billion kuna from 17.87 billion.

The ministry said it would announce at a later date when the next auction will be held.