Croatian Ministry of Finance Sells HRK 1.86bn Worth of Treasury Bonds

Total Croatia News

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In advance of the maturity of HRK 1.58 billion worth of treasury bonds, the Ministry offered HRK 1.5 billion for subscription with a maturity of one year. Financial institutions submitted bids totalling HRK 2.71 billion and the Ministry accepted HRK 1.86 billion or HRK 355 million more than planned.

The Ministry thus issued HRK 1.86 billion in kuna-denominated treasury bonds with a maturity of one year and at an interest rate of 0.03%, which is 0.02 percentage points lower than at the previous auction held on 19 January.

The bulk of treasury bonds were bought by non-bank financial institutions. The Ministry said that the share of the non-bank system in the total amount of the issue was 98.92%.

With the maturity of HRK 1.58 billion worth of treasury bonds, the balance of kuna-denominated bonds subscribed increased by HRK 279 million to HRK 14.49 billion.

The next auction is scheduled for 16 February via the Bloomberg Auction System.


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