ZAGREB (Croatia), February 27 (SeeNews) – Croatia’s finance ministry said it has raised 613.4 million euro ($639 million) through the sale of one-year Treasury bills to retail investors.
In the first round, from February 17 to February 24, a total of 22,191 retail investors purchased Treasury bills with a nominal value of 629.3 million euro, the finance ministry said in a statement on Tuesday.
The ministry had sought to sell T-bills with a nominal value of 800 million euro to retail and institutional investors.
In the second round, on February 25, the finance ministry accepted bids for 200 million euro worth of government securities submitted by institutional investors. Demand for the issue amounted to 817.7 million euro.
The nominal value of the Treasury bills of the issue is 1,000 euro apiece. The government securities will mature on February 26, 2026.
The subscription price for the issue was set at 974.73 euro for retail investors, equivalent to an annual yield of 2.60%. The subscription price for institutional investors was set at 977.58 euro, equal to an annual yield of 2.30%.
In November, at the previous auction of one-year T-bills, the yields achieved for retail investors and institutional were equivalent to an annual yield of 3.15%, and 2.70%, respectively.
($ = 0.9 euro)