The Ministry of Finance on Tuesday sold HRK 1.7 billion in treasury bills at an interest rate of 0.05%, at the first auction held since early December 2020.

Ahead of HRK 1.38 billion in treasury bills maturing, the ministry offered HRK 1.2 billion with a maturity of one year.

Financial institutions submitted offers worth HRK 2.45 billion in total, and the ministry accepted 1.7 billion or 500 million more than planned.

With the HRK 1.38 billion in treasury bills maturing, the balance of subscribed kuna treasury bills has increased by HRK 322 million to HRK 14.41 billion.

The ministry said the date of the next auction would be made public subsequently.