The Enrollment of Treasury Bills for Citizens Begins, Targeting to Raise 900 Million Euros

This Monday marks the start of a new round of enrollment for treasury bills for citizens, with the Ministry of Finance aiming to achieve a nominal amount of 900 million euros. Investors will be able to invest in treasury bills with maturities of 91 days, aiming to raise 250 million euros, and those with maturities of 364 days, targeting an amount of 650 million euros.

The issuance date of the treasury bills is June 6, with a minimum enrollment amount per investor set at 1,000 euros. The annual yield for ‘treasury bills’ with a maturity of three months is 3.75 percent, while for those with a one-year maturity, it is 3.65 percent.

Treasury bills are purchased at a discount, so the minimum investment amount for a ‘three-month’ treasury bill is 990.74 euros, or 964.88 euros for the one with a one-year maturity. Thus, citizens will receive one thousand euros upon maturity for one bill, meaning they can earn 9.26 euros on a three-month treasury bill and 35.12 euros on one maturing in a year. The yields on the two maturities are identical to those in the treasury bill issuance in February of this year.

Enrollment for treasury bills is facilitated through two channels – via 170 Fine branches and the digital platform e-riznica. For physical enrollment at Fine, citizens must bring a valid ID card or passport, and one of the details they need to have ‘on hand’ is their bank account number. For enrollment via the digital platform, the key data are OIB and IBAN.

After receiving the document with the details, citizens must also make a payment, which they can do at Fine, at any commercial bank, or via internet banking. Regarding cash payments at Fine, there is no fee for payment transactions for amounts up to ten thousand euros, while for payments above that amount, a unique fee applies according to Fine’s price list.

The enrollment deadline for treasury bills in the first round is June 3 by 11 a.m., while the next day, from 9 to 11 a.m., institutional investors will also be able to enroll in the second round of ‘treasury bills’.

In just over a year, this is already the fourth issuance of government securities that citizens will be able to purchase, of which the third is treasury bills, which citizens could enroll in last November and in February of this year, with more than 37 thousand citizens contributing 957 million euros for treasury bills in that most recent issuance.