On May 22, the finance ministry will offer only one-year paper. In recent months the ministry has only offered the kuna-denominated paper, while the one-year euro-denominated bills were last offered on Oct. 24, 2017, with a yield of 0.01 percent.

The ministry also occasionally offers bills of three-month and six-month maturities.

At the last auction in early May, the sale of kuna papers surpassed its target, while the yield amounted to 0.09 percent.

The benchmark overnight rate on the local money market was quoted at 0.28 percent on Thursday, and the one-year rate at 0.52 percent. Daily market rates change at 0900 GMT.