1 year treasuries were issued at an interest rate of 0.03%.
The Croatian Ministry of Finance announced that they have issued HRK 1.86bn worth of 1-year Treasury Bills with a interest rate of 0.03%, ahead of the maturity of HRK 1.576bn of treasuries (which were issued at an interest rate of 0.06%).
As announced by the Ministry of Finance, most of the treasuries were purchased by non-bank financial institutions, that being as much as 98.92%. Looking at the ownership structure of the maturing treasuries, one could indicate that the largest buyer could be one big Croatian public agency that is invested heavily in short term securities, which is tied to the nature of it’s liabilities.
With the maturity of HRK 1.576bn in treasury bills, the balance of subscribed HRK treasuries increased by HRK 279m to HRK 14.488bn.
The next auction will take place on 16 February, ahead of the maturity of another HRK 1bn worth of treasuries.