Croatia sold on Tuesday, Feb 4 , one-year, six month and three month kuna-denominated T-bills worth a combined HRK 866mn ( EUR 113mn ), above its target offer of HRK 700mn , the finance ministry said. The ministry sold one-year kuna T-bills worth HRK 721mn even though it received bids totalling HRK 851mn. Still, the sold amount was above the planned HRK 500mn. The issue yielded 2.05%, flat from the previous auction held on Jan 28. The sold six-month securities totalled HRK 70mn , equal to all arrived bids but lower than the planned HRK 100mn . The yield on the six-month T-bills was 1.2%, also flat from the last such auction held on Dec 30. The ministry also sold three-month kuna T-bills worth HRK 75mn , less than the planned HRK 100mn but meeting to all arrived bids. The T-bills yielded 0.7%, flat from the previous auction held on Jan 28. Since the beginning of 2014, the country sold a combined HRK 2.688bn worth one-year and three-month kuna-denominated T-bills and EUR 2.9mn worth one-year euro-denominated securities in four auctions. Croatia sold a combined HRK 28.883bn ( EUR 3.8bn ) in short-term kuna debt and euro T-bills worth combined EUR 464.83mn in 2013, while this year it plans revenues of HRK 26.4bn from issuing government debt, out of which HRK 1.65bn are planned from issuing T-bills (on the domestic market) and HRK 24.76bn from issuing bonds at home and abroad.
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