Croatia sells EUR 700mn worth of 18-mo T-notes

By bne IntelliNews August 14, 2013

Croatia sold out a EUR 700mn issue of euro-denominated 18-mo Treasury notes on Tuesday, August 13, at an average annual yield of 5%, the ministry of finance said in a statement.

This was the first euro-denominated debt sale with 18-mo maturity of the Croatian government so far this year. Investors showed a considerable interest in it with banking and non-banking institutions  submitting offers to the value of EUR 1.14bn.

There were a number of three-month and one-year euro denominated T-bill auctions in Croatia this year. The last one took place on July 2 with average yields reaching 0.55% and 1.30%, respectively, somewhat lower compared to the previous sales. The size of the sold securities back then was EUR 3mn.

Related Articles

Raiffeisen to file lawsuit against new Croatian banking law

Austria's Raiffeisen Bank is preparing to file a complaint at the Croatian constitutional court later in July against a recent law that aims to declare thousands of its loans to Croatians void, ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Croatian central bank intervenes again to alleviate kuna’s appreciation

Croatia's central bank (HNB) purchased €101.5mn on the foreign exchange market on July 14 at an average kuna/euro rate of 7.4210 from local banks in order to alleviate the appreciation of the local ... more