Prime Minister Andrej Plenković announced a new issuance of treasury bills, with a targeted amount of 900 million euros.
According to him, the issuance will be divided into two parts: a quarterly one aimed at raising 250 million euros and a one-year one expected to yield 650 million euros.
The yields on the issuances will be 3.75 and 3.65 percent, respectively.
– This means that the interest rates offered by the state to citizens for subscribing to treasury bills are significantly more favorable, better, and higher than the conditions they have in commercial banks – said Plenković.
He stated that he expects the trust of citizens and institutional investors ‘in state finances, an economic growth of 3.3 percent, the highest employment ever, and lower unemployment, as well as a stable and strong economic, financial, and political position of the country’.
He anticipates the same results as in previous issuances of treasury bills and government bonds and reminds that 120,000 citizens participated in the first issuance of popular bonds and treasury bills.
The state, he said, paid about 120 million euros in interest for previous issuances.
– Those who invested received an appropriate reward for their good and bold move of trust in state finances – said Plenković.
The new round of treasury bill issuances will be presented in more detail after the government meeting by Deputy Prime Minister and Minister of Finance Marko Primorac.
