Czechs scrap 39-week T-bill auction due Thursday

18.12.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech Republic cancelled an auction of 39-week Treasury bills worth 5 billion crowns ($272.3 million) scheduled for Thursday because of an...

...ongoing favourable budget performance, the Finance Ministry said.

The auction was to be this year's final sale of short-term T-bills.

The ministry scrapped the auction due to higher revenue and lower expenditure growth in the state budget, it said on its official Web site, www.mfcr.cz.

The central state budget showed a 12.77 billion crowns surplus for the first eleven months of the year. (Reporting by Marek Petrus) ($1=18.36 Czech Crown)

Keywords: CZECH BILLS/

[PRAGUE/Reuters/Finance.cz]

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