Finance Ministry Issues 1.19 Billion Kuna in Treasury Bills

Total Croatia News

ZAGREB, August 20, 2019 – The Croatian Ministry of Finance on Tuesday auctioned off nearly 1.19 billion kuna in treasury bills, which was more than planned, still at low interest rates.

The ministry had offered 1 billion kuna worth of treasury bills for subscription ahead of the maturity of treasury bills worth 1.15 billion kuna. It received offers for 1.18 billion kuna and accepted them all.

The bills were issued for 1.17 billion kuna with a maturity of one year and at an interest rate of 0.08 percent, which is the same percentage point as at the previous auction at the end of June. Furthermore, 200 million was auctioned off with a maturity rate of six months at an interest rate of 0.05 percent.

The balance of the treasury bills issued will be increased by 36 million kuna to 17.96 billion kuna.

The next auction is set for August 27 via Bloomberg’s auction system (BAS).

More economy news can be found in the Business section.


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