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Skip Navigation LinksHome :: Markets/asset classes :: Foreign exchange :: Finance ministry sells T-bills below planned on lower demand.

Wednesday, July 23, 2008

Finance ministry sells T-bills below planned on lower demand.





Finance ministry sells T-bills below planned on lower demand. The finance ministry reported that it sold the total amount of HRK 215mn (EUR 29.8mn) T-bills at the latest auction, which was below the planned amount of HRK 350mn T-bills due to low demand. Investors demanded only one-year T-bills and offered HRK 215mn. The average yield on one-year T-bills remained unchanged at 5.60%. The ministry plans to hold the next auction on Jul 29, when it intends to offer HRK 300mn T-bills. The stock of the short-term government debt after the auction amounted to HRK 11.84bn.  







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