Press Service

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

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

On results of auction to provide 3-month loans secured by non-marketable assets at floating interest rate

On 9 February 2015, the Bank of Russia held an auction to provide loans secured by non-marketable assets at a floating interest rate.

The auction was attended by 23 credit institutions from 36 Russian regions. Bids offering interest rates in the range of 15.25% p.a. to 17.00% p.a. were submitted to the auction. The auction demand was 769.4 billion rubles.

As a result of the auction the cut-off rate was set at 15.25% p.a.

The interest rate on the loans provided was also 15.25% p.a.

The volume of funds provided as a result of the auction was 769.4billion rubles.

The maturity is 3 months (the settlement date — 11 February 2015, the maturity date — 13 May 2015). The type of the auction is a Dutch one. The maximum allotment amount is 1000.00 billion rubles.

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)’ and Bank of Russia Regulation No. 312-P, dated 12 November 2007, ‘On the Procedure for Extending Bank of Russia Loans to Credit Institutions Secured by Assets or Guarantees’.

09 February 2015

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