Markets

Croatia's T-bill auction beats target, yield flat

Published April 25, 2017 Updated April 25, 2017 02:00pm

In the first auction in four weeks demand amounted to 976 million kuna, while 672 million kuna worth of bills mature later this week.

After the auction Croatia's short-term debt rose to 17.68 billion kuna from 17.48 billion.

The next T-bill auction is planned for May 2, when the ministry tentatively plans to raise 600 million kuna against 575 million kuna worth of maturing bills.

Croatia sometimes also offers T-bills of three- and six-month maturity as well as those denominated in euros.

 

Copyright Reuters, 2017