Government issues Treasury Bills worth EUR 250 million

02.04.2024 | 17:06

Today, on April 2, Estonia issued EUR 106 million worth of 6-month and EUR 144 million worth of 12-month T-bills. T-bills are sold via an auction with competitive bidding and are aimed at institutional investors only.

The average yield to maturity of the issued 6-month and 12-month T-bills was 3.853% and 3.601%, respectively. These T-bills were issued within the framework of the T-bill program approved by the Minister of Finance in 2020. The framework provides the opportunity to repeatedly issue T-bills with a maturity of up to 12 months, the cost of which depends on the market conditions at the time of issuance. T-bill issues are carried out to manage the cash flows of the state.

Additional information can be found on the website of the Ministry of Finance.

IRINA SATSUTA

kommunikatsiooniosakonna spetsialist

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