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Scandals fraud and losses in the financial markets

Scandals fraud and losses in the financial markets

HSBC is the latest bank to be hit by attempted fraud, which Euromoney was first to report.

Abigail Hofman

Abigail Hofman

We’re here to save the world and we don’t need any questions

Wednesday, May 7, 2008

Finance ministry sells T-bills above planned on high demand.





Finance ministry sells T-bills above planned on high demand. The finance ministry reported that it sold HRK 574mn (EUR 79.1mn) T-bills at its latest auction by satisfied the investors’ demand. The sold amount of T-bills was above the planned, which were HRK 450mn. The demand for one-year T-bills (HRK 374mn) was higher than those for six-month T-bills, which amounted to HRK 200mn. Investors have not placed bids for three-month bills. Thus, the ministry sold HRK 200mn six-month T-bills and HRK 374mn one-year T-bills. The yield on six-month bills rose by 0.4pps to 5% as compared with the auction, carry out on Apr 1, when this maturity was traded for the last time. The yield on one-year T-bills remained again unchanged at 5.6%. The ministry plans to hold the next auction on May 13 by offering T-bills worth HRK 150mn. The stock of short-term government debt after the auction amounted to HRK 11.74bn.


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