Finance Ministry Issues HRK 1.76 bn in Treasury Bills

The bills mature in one year and the interest rate is 0.01 per cent, the same as at the previous auction in January.

In advance of the maturity of treasury bills worth HRK 1.86 billion, the Ministry offered HRK 1.6 billion worth of treasury bills for subscription. Financial institutions submitted bids totalling HRK 1.76 billion and the Ministry accepted them all.

The low interest rate of 0.01 per cent is the result of a large surplus of liquidity in the domestic financial system, exceeding HRK 70 billion.

The balance of subscribed kuna treasury bills has now decreased by HRK 94 million to HRK 13.6 billion.

The next auction is set for 15 February.

(€1 = HRK 7.526770)

 

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