The Finance Ministry on Tuesday auctioned off HRK 711 million and €58 million in treasury bills, more than planned, and the euro issue was again auctioned off at a negative interest rate.

The ministry offered HRK 500 million and €30 million in treasury bills for subscription to service HRK 630 million and €49.3 million in due treasury bills. It received offers totalling HRK 1.26 billion and €58 million.

The latest kuna treasury bills were issued with one year’s maturity at 0.06% interest, 0.01 percentage points less than at the last auction at the end of August, while the euro treasury bills were also issued with one year’s maturity and a negative interest rate of 0.05%. The ministry recorded the first negative interest on euro treasury bills at the August auction.

With the HRK 630 million in due treasury bills, the balance of subscribed treasury bills increases by 81 million to HRK 17.92 billion. The euro balance of the debt goes up by 8.7 million to €109.3 million.