On Friday, Prime Minister Andrej Plenković announced at the government session a new issue of treasury bills, with a target amount of EUR 900 million.
According to him, the issue will be divided into two parts: a three-month one, from which the goal is to collect EUR 250 million, and a one-year one, within which EUR 650 million is expected.
Yields on issues will be 3.75 and 3.65 percent, respectively.
“This means that the interest rates that the state offers to citizens for registering treasury bills are significantly more favorable, better and higher than the conditions they have in commercial banks,” Plenković said.
He says that he expects the trust of citizens and institutional investors “in state finances, economic growth of 3.3 percent, never higher employment and lower unemployment, and a stable and strong economic, financial and political position of the country”.
He expects the same results as in previous issues of treasury bills and government bonds, and reminds that 120 thousand citizens participated in the first issue of national bonds and treasury bill issues.
As he said, the state paid around EUR 120 million in interest for previous issues.
“The one who invested received an appropriate reward for his good and courageous move of trust in state finances,” Plenković said.
The new round of treasury bill issuance will be presented in more detail by the Deputy Prime Minister and Minister of Finance Marko Primorac after the government session, Hina writes.
