ZAGREB, 2 March 2021 - The Finance Ministry on Tuesday sold HRK 1.32 billion worth of treasury notes at an auction, HRK 120 million more than planned, including treasury bonds with six months' maturity that were sold without interest.
In advance of the maturity of HRK 1.21 billion worth of treasury bonds, the Ministry offered HRK 1.2 billion for subscription, HRK 1 billion with a maturity of one year and HRK 200 million with six months' maturity.
Financial institutions submitted bids totalling HRK 3.3 billion and the Ministry accepted HRK 1.32 billion or HRK 120 million more than planned.
The Ministry issued HRK 1 billion worth of treasury bonds with a maturity of one year at an interest rate of 0.02%, 0.01 percentage points lower than at the previous auction held on 23 February.
Also issued were HRK 320 million worth of treasury bonds at 0% interest.
The balance of kuna-denominated bonds subscribed has increased by HRK 110 million to HRK 14.77 billion.
