Linić collected 358.5 million kuna at the treasury auction

The Ministry of Finance today raised 238 million kuna and 16.5 million euros from the sale of treasury bills, which is below the plan, with the same or lower interest rates than at last week’s auction.

At today’s treasury bill auction, the Ministry of Finance offered 250 million kuna and 25 million euros worth of treasury bills for subscription. Banking institutions and other investors submitted bids worth 248 million kuna and 21.5 million euros.

Ultimately, treasury bills worth 238 million kuna and 16.5 million euros were subscribed, which is equivalent to 125.29 million kuna.

Utilizing the entire offer, the Ministry of Finance sold 25 million kuna of treasury bills maturing in 91 days, with an average interest rate of 1.00 percent, which is 0.09 percentage points lower than at last week’s auction.

There were also 83 million kuna of treasury bills maturing in 182 days subscribed, with an average interest rate of 1.80 percent, which is 0.10 percentage points lower than at last week’s auction. The Ministry of Finance also accepted all bids.

For treasury bills maturing in 364 days, 130 million kuna were subscribed, with an average interest rate of 2.49 percent, which is 0.10 percentage points lower than the previous time. The Ministry of Finance did not accept all bids – 10 million kuna remained unused.

Additionally, at today’s auction, 2 million euros of treasury bills maturing in 91 days were subscribed, with an average interest rate of 0.75 percent, which is 0.05 percent lower than at the previous auction. The entire offer was utilized.

There were also 14.5 million euros worth of treasury bills maturing in 364 days subscribed, with an average interest rate of 1.85 percent, the same as last week. Bids worth 19.5 million euros were received.

In total, as of today, treasury bills worth 17.468 billion kuna have been subscribed, which is 238 million more than on the day of the previous auction. A total of 676.19 million euros worth of bills have been subscribed, which is 8.424 million less than on the day of the previous auction.