ZAGREB, 15 Feb 2022 - The Croatian Ministry of Finance sold HRK 1.3 billion and €6.5 million worth of treasury bills at an auction on Tuesday.

The bills mature in one year and the interest rate is 0.01 per cent for kuna bills while there is no interest on euro treasury bills.

In advance of the maturity of treasury bills worth HRK 1.1 billion, the Ministry offered HRK 700 million and €10 million worth of treasury bills for subscription. Financial institutions submitted bids totalling slightly more than HRK 1.3 billion and €6.5 million and the Ministry accepted them all.

The favourable borrowing terms are due to a large surplus liquidity in the domestic financial system, exceeding HRK 77 billion.

The balance of subscribed kuna treasury bills has now increased by HRK 211 million to HRK 13.8 billion.

The balance of subscribed euro treasury bills has now increased by €6.5 million to €177.5 million.

The next auction of treasury bills will be held on 22 February, the Ministry said.

(€1 = HRK 7.52)

ZAGREB, 8 Feb 2022 - The Croatian Ministry of Finance sold HRK 1.76 billion worth of treasury bills at an auction on Tuesday.

The bills mature in one year and the interest rate is 0.01 per cent, the same as at the previous auction in January.

In advance of the maturity of treasury bills worth HRK 1.86 billion, the Ministry offered HRK 1.6 billion worth of treasury bills for subscription. Financial institutions submitted bids totalling HRK 1.76 billion and the Ministry accepted them all.

The low interest rate of 0.01 per cent is the result of a large surplus of liquidity in the domestic financial system, exceeding HRK 70 billion.

The balance of subscribed kuna treasury bills has now decreased by HRK 94 million to HRK 13.6 billion.

The next auction is set for 15 February.

(€1 = HRK 7.526770)

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.

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ZAGREB, 20 April, 2021 - The Croatian Ministry of Finance sold HRK 2.34 billion worth of treasury bonds, which was by 139 million kuna higher than planned, at an auction on Tuesday,with an interest rate of a mere 0.02% for one-year-long bonds.

In advance of the maturity of HRK 2.55 billion worth of treasury bonds, the Ministry offered HRK 2.2 billion for subscription, HRK 2 billion with a maturity of one year and HRK 200 million with six months' maturity.

Financial institutions submitted bids totalling HRK 2.34 billion and the Ministry accepted all of them.

The Ministry issued HRK 2.34 billion worth of treasury bonds with a maturity of one year at an interest rate of 0.02%, which was the same interest rate as at the previous auction held on 2 March.

The balance of kuna-denominated bonds subscribed has decreased by HRK 212 million to HRK 14.32 billion.

(€1 = HRK 7.560764)

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