Finance Ministry Issues Treasury Bills on Favourable Terms
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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Ministry of Finance Sells HRK 2.34 Bn Worth of Treasury Bonds
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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