ZAGREB, 17 Aug, 2021 - The Croatian Ministry of Finance sold HRK 983 million worth of treasury bills at an auction on Tuesday, which was slightly less than planned.
Ahead of the maturity of treasury bills worth HRK 1.23 billion, the Ministry offered a billion kuna in treasury bills for subscription at the first auction since the last one held on 23 June.
Financial institutions submitted offers worth nearly 1.3 billion, and the Ministry accepted HRK 983 million.
The latest treasury bills were issued with a maturity of one year and at an interest rate of 0.01%, which is by one base point lower than at the previous auction on 23 June when the bills were issued with a maturity of one year and at an interest rate of 0.02%. This low interest rate is a result of surplus liquidity in the local financial system.
After today's auction, the balance of kuna-denominated treasury bills subscribed decreased by HRK 245 million to HRK 14.19 billion.
(€1 = HRK 7.490484)
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