Markets

Croatia's T-bills sale doubles target, yield flat

Published March 26, 2019 Updated March 26, 2019 12:34pm

Amid very smooth local liquidity the overall bids amounted to 1.17 billion kuna. The yield remained flat at 0.09 percent.

Banks bought slightly more than half 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 rose to 16.92 billion kuna from 16.53 billion.

The next auction will take place on April 23.

Copyright Reuters, 2019