ZAGREB, 18 May, 2021 - The Croatian Ministry of Finance sold HRK 880 million and €11 million worth of treasury bills at an auction on Tuesday.
Ahead of the maturity of treasury bills worth HRK 300 million and €12 million, the Ministry offered HRK 300 million and €10 million in treasury bills for subscription. Financial institutions submitted offers worth nearly HRK 880 million and €11 million, and the Ministry accepted all of them.
The treasury bills worth HRK 880 million were issued with a maturity of one year and at an interest rate of 0.02%, the same as at the previous auction of kuna-denominated treasury bills held on 20 April.
The treasury bills worth €11 million were issued with a maturity of one year and at a negative interest rate of 0.05%, the same as at the previous auction of euro-denominated treasury bills held on 3 May.
After today's auction, with the maturity of HRK 300 million worth of treasury bills, the balance of kuna-denominated treasury bills increased by HRK 580 million to HRK 14.7 billion. On the other hand, the balance of euro-denominated treasury bills decreased by €1 million to €158 million.
The next auction is scheduled for 23 June.
For more about politics in Croatia, follow TCN's dedicated page.
