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

Croatia’s biggest tourism company delays investment because of unpredictable tax regime

Croatian tourism company Valamar Riviera said on September 5 it is postponing investments planned for 2018 because of the unpredictable fiscal framework in the sector. Valamar Riviera from ... more

Serbian court rejects Croatia's Lex Agrokor

The Commercial Court in Belgrade has turned down a request by Ante Ramljak, the government-appointed extraordinary commissioner at Croatia’s Agrokor, for companies within the group in Serbia to be ... more

Arriva Group acquires majority stake in Croatia’s Autotrans Group

Deutsche Bahn-owned Arriva Group said on August 21 it is acquiring a 78.3% share in Croatia’s largest bus operator, Autotrans Group. Investing in Croatia is part of Arriva’s continuing ... more