On results of Bank of Russia credit auction to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions
On 10 July 2015, the Bank of Russia held a credit auction to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions for the term of 28 days.
The credit auction was attended by two credit institutions. Bids offering interest rates in the range of 2.4367% p.a. to 2.4369% p.a. were submitted to the auction. The credit auction demand was 442.0 million US dollars.
As a result of the credit auction the cut-off rate was set at 2.4367% p.a.
The interest rate on the loans provided was also 2.4367% p.a.
The allotment amount was 442.0 million US dollars.
The auction was held on the following terms:
The maturity is 28 days (the settlement date is 15 July 2015, the maturity date is 12 August 2015). The type of the auction is a Dutch one. The maximum allotment amount is 0.5 billion US dollars.
The auction was held in compliance with Article 46 of Federal Law No.
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