The result fell short of the ministry's target of 300 million kuna ($49.76 million). Banks bought about 45 percent of all bills.

The ministry occasionally also auctions bills with 3-month and 6-month maturities as well as those denominated in euros.

After the auction, Croatia's overall short-term debt in the local currency fell to 19.68 billion kuna from 19.76 billion kuna.