Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

On results of Bank of Russia auction to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions

On 4 September 2015, the Bank of Russia held auction to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions.

The 28-day auction was attended by two credit institutions. Bids offering interest rates in the range of 2.4543% p.a. to 2.4545% p.a. were submitted to the auction. The auction demand was 444.0 million US dollars.

As a result of the auction the cut-off rate was set at 2.4543% p.a.

The interest rate on the loans provided is 2.4543% p.a.

The allotment amount was 444.0 million US dollars.

The auction was held on the following terms:

The maturity is 28 days (the settlement date — 9 September 2015, the maturity date — 7 October 2015). The type of the auction is a Dutch one with maximum allotment amount of 0.5 billion US dollars.

The auction was held in compliance with Article 46 of Federal Law No. 86-FZ, dated 10 July 2002 ‘On the Central Bank of the Russian Federation (Bank of Russia)’.

04 September 2015

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