€1.04 Billion Worth of Treasury Bills Sold to Refinance "Old" Treasury Bill
ZAGREB, 3 May 2022 - The Finance Ministry on Tuesday sold €1.04 billion worth of treasury bills at 0.1% interest, which is more than last year when treasury bills were issued at negative interest rates, when financial institutions actually paid the state treasury to hold treasury bills.
Ahead of the maturity of €1.2 billion worth of treasury bills, issued before the previous financial crisis, the ministry today offered €1.2 billion worth of bills for subscription and financial institutions offered €1.39 billion in total. The ministry then accepted the offers totalling €1.04 billion.
The new treasury bill has a maturity of one year.
The balance of subscribed treasury bills has now been reduced by € 164.65 million to 1.05 billion euro.
(€1 = HRK 7.564582)
Finance Ministry Issues HRK 800M in Treasury Bills
ZAGREB, 22 Feb 2022 - Croatia's finance ministry on Tuesday issued HRK 800 million in treasury bills which mature in one year at the low interest rate is 0.01 per cent.
In advance of the maturity of treasury bills worth a billion kuna, the Ministry offered HRK 700 million for subscription. Financial institutions submitted bids totalling HRK 803 million and the Ministry accepted them all.
The balance of subscribed kuna treasury bills has now decreased by HRK 197 million to HRK 13.6 billion.
The next auction of treasury bills will be held on 1 March, said the ministry.
(€1 = HRK 7.532838)
Finance Ministry Issues HRK 1.3 bn, €6.5m in Treasury Bills
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)
Finance Ministry Issues Treasury Bills Worth HRK 983 Million
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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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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