Croatia sells EUR 224mn in Treasury bills, yields drop.

By bne IntelliNews May 30, 2012
Croatia's finance ministry said it sold EUR 224mn in Treasury bills at its May 29 auction. A total of HRK 1.3bn (EUR 173mn) of the sold securities were denominated in kuna, while the remaining EUR 51mn were denominated in euro, the ministry said in a statement. The planned amount of the kuna-denominated T-bills stood at HRK 900mn, while that of the euro-denominated T-bills was EUR 50mn. The ministry sold HRK 215mn worth of three-month kuna-denominated T-bills after receiving bids for HRK 677mn. It also sold HRK 285mn of six-month kuna-denominated T-bills after receiving bids for HRK 593mn and placed HRK 809mn of one-year kuna-denominated T-bills after receiving bids for HRK 1.3bn. The yields on the three-month T-bills stood at 2.48% (dropping from previous 3%), on the six-month T-bills at 3.4% (dropping from previous 3.75%) and on the one-year T-bills at 3.6% (inching down from previous 3.9%). The ministry also sold a three-month issue of euro-denominated T-bills worth EUR 26mn, yielding 2.7% (down from previous 2.99%), and a EUR 25mn one-year euro-denominated T-bills issue, yielding 3.3% (down from previous 3.7%).

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