Slovenia Auctions €181m in T-bills at a Negative Interest Rate

By , 13 Feb 2019, 10:20 AM Politics
Slovenia Auctions €181m in T-bills at a Negative Interest Rate Montage: JL Flanner

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STA, 12 February 2019 - Slovenia auctioned off EUR 181m-worth of treasury bills on Tuesday, the biggest single T-bills issue in several years, at interest rates that remain at record low levels.

Three-month bills have an interest rate of -0.38%, six-month bills will yield -0.39% and twelve-month bills -0.40%. The papers will be formally issued on 14 February, the Finance Ministry said.

The interest rates are slightly lower than in the last issue in October, when six-month bills yielded -0.38% and twelve-month bills were sold at -0.39%.

This is the second borrowing round this year after Slovenia issued a new 10-year reference eurobond worth EUR 1.5bn in January.

Total borrowing for this year has been capped at EUR 2.1bn.

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