On auction for the provision of the Bank of Russia loans secured by non-marketable assets with floating interest rate

The Bank of Russia informs that, according to Regulation No. 312-P, dated 12 November 2007, “On the Provision of Loans Secured by Non-marketable Assets and Guarantees by the Bank of Russia to Credit Institutions”, on 13 January 2014 the auction for the provision of loans secured by non-marketable assets, for 3-month term with floating interest rate, is held with the following parameters:

Auction type: Dutch auction.

Maximum allotment: 500 billion roubles.

Minimum interest rate: the Bank of Russia key rate effective on the date of the credit auction increased by 0.25 percentage points.

Minimum bid: 25 million roubles.

Maximum number of bids of a single credit institution: 3.

Auction schedule:

The next credit auction is planned to be held on 10 February 2014.

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