ZAGREB: Croatia will offer 400 million kuna ($60.70 million) worth of treasury bills at an auction next week, the Finance Ministry said on Thursday.
On May 3, it will offer only one-year paper denominated in the national currency. This week's auction, at which it also offered only one-year kuna bills, slightly surpassed the 600 million kuna target.
The ministry also often auctions three- and six-month bills as well as papers denominated in euros.
The benchmark overnight rate on the local money market was quoted at 0.40 percent on Thursday and the one-year rate at 1.32 percent. New daily rates are quoted at 1000 GMT.
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