Croatia to offer 800 mln HRK in 1-yr T-bills next week

By Kitco News / January 25, 2018 / www.kitco.com / Article Link

ZAGREB, Jan 25 (Reuters) - Croatia will offer 800 million kuna ($134.62 million) worth of treasury bills at an auction next week, the Finance Ministry said on Thursday.

The ministry will offer only one-year paper at the Jan. 30 auction, as it did this week. Occasionally it also offers bills of three-month and six-month maturities and those denominated in euros.

This week's auction surpassed its target amid strong domestic liquidity and a shortage of alternative attractive investment instruments. The benchmark overnight rate on the local money market was quoted at 0.31 percent on Thursday, and the one-year rate at 0.61 percent . Daily market rates change at 0900 GMT. ($1 = 5.9428 kuna)


(Reporting by Igor Ilic; Editing by Peter Graff)

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