Wednesday, May 14, 2008

Finance ministry again sells T-bills above plan on high demand.

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Finance ministry again sells T-bills above plan on high demand. The finance ministry sold HRK 177mn (EUR 24.4mn) T-bills at the latest auction, which was above the planned amount of HRK 150mn. The total demand was HRK 177mn with investors being interested mostly in 1-year T-bills (HRK 67mn). The bids for 3-month and 6-month T-bills were HRK 50mn and HRK 60mn respectively. The yields on all maturities remained unchanged. It was 5.60% on the 1-year bills, 5% on 6-moth bills and 4.10% on 3-month bills. The stock of the short-term government debt after the auction amounted to HRK 11.8bn. The next auction is planned for Jun 3, when the ministry intents to sell the total amount of HRK 450mn T-bills.

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Finance ministry again sells T-bills above plan on high demand.

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