Croatian Ministry of Finance live with Bloomberg Bond Auction System

Source: Bloomberg

Bloomberg L.P., the leading global provider of data, analytics and news to the financial community, today announced that the Croatian Ministry of Finance has chosen the Bloomberg Bond Auction System on the BLOOMBERG PROFESSIONAL service for the electronic auction and allocation of Croatian Treasury Bills.

The Bloomberg Bond Auction System for the Croatian Ministry of Finance, which is accessible via HRTS < GO > on the BLOOMBERG PROFESSIONAL service, allows authorized and enabled investors the ability to electronically bid on Croatian auctions with automated and instantaneous efficiency.

"The successful launch of the Croatian Treasury Bill auction and allocation on the Bloomberg Bond Auction System reflects the ongoing desire of the Ministry of Finance to ensure the Croatian market is as efficient and transparent as possible. The ability to gather and allocate bids instantaneously using Bloomberg is part of the drive to increase market efficiency," said Hrvoje Radovanic, Assistant Minister of Finance.

"The selection of the Bloomberg Bond Auction System by the Croatian Ministry of Finance highlights Bloomberg's emphasis on greater accessibility by dealers and transparency of tender results and allocations. Bloomberg's robust risk, redundancy, compliance and audit functions are critical to the bond issuers worldwide who have chosen our Bond Auction System," said Russell Levi of Bloomberg. "The addition of the Croatian Ministry of Finance to the Bloomberg Bond Auction System reflects Bloomberg's commitment to the development and support of the global financial markets."

The Bloomberg Bond Auction System, accessible via the BLOOMBERG PROFESSIONAL service, allows issuers to perform their auction tenders with dealers selected by the issuer, who will submit their bids and obtain tender results from the issuer via the Bloomberg Bond Auction System. The Croatian Ministry of Finance is the nineteenth issuer now live, conducting auctions using the Bloomberg Bond Auction System. A complete list of issuers using the Bloomberg Bond Auction System may be found on the BLOOMBERG PROFESSIONAL service via the function AUCS < GO >.

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