The Finance Ministry sold €1.2 billion worth of treasury bonds which was €200 million more than planned with a negative interest rate of 0.05 percent.

In advance of the maturity of 1.035 billion kuna worth of treasury bonds, the Minister offered €1 billion for subscription.

Financial institutions submitted bids totalling 2.34 billion kuna and the Ministry accepted the amount of €1.2 billion.

The bonds have a maturity of one year with a negative interest rate of 0.05, which is the same as at the last auction in euros in October 2020.

Maturity of €1.035 billion worth of bonds has increased the balance of subscribed bonds by €164.85 million from €1.035 billion to €1.2 billion, the ministry said.

The ministry announced the next auction for 18 May via the Bloomberg Auction System (BAS).

(€1 = 7.56 kuna)