Croatia sells EUR 796.5mn in Treasury securities.

By bne IntelliNews February 15, 2012
Croatia's finance ministry said it sold EUR 795.5mn worth of Treasury papers at its February 14 auctions. A total of HRK 4mn (EUR 0.5mn) of the sold securities were denominated in kuna, while the remaining EUR 796mn were denominated in euro, the ministry said in a statement. The planned amount of the kuna-denominated T-bills stood at HRK 100mn, while that of the euro-denominated T-bills and T-notes was EUR 730mn. The ministry sold HRK 4mn worth of six-month kuna-denominated T-bills after receiving bids for HRK 24mn. It, however, sold zero three-month kuna-denominated T-bills after receiving bids for HRK 20mn. The yields on the six-month T-bills at 4.7%. The ministry sold a three-month issue of euro-denominated T-bills worth EUR 32mn, yielding 4.3%. It also placed a EUR 33.5mn one-year euro-denominated T-notes issue, yielding 4.85%, and a EUR 730.4mn 18-month euro-denominated T-notes issue, yielding 5.25%.
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