On results of auction to provide loans secured by non-marketable assets at floating interest rate
On 10 November 2014, the Central Bank of the Russian Federation held an auction to provide loans secured by non-marketable assets at a floating interest rate on the following terms:
The maturity is 3 months (the settlement date — 12 November 2014, the maturity date — 11 February 2015). The type of the auction is a Dutch one. The maximum volume of funds is 900.00 billion rubles.
The auction was attended by 28 credit institutions from 30 Russian regions. Bids offering interest rates in the range of 9.75% p.a. to 11.50% p.a. were submitted to the auction. The auction demand is 561.9 billion rubles.
As a result of the auction the cut-off rate was set at 9.75% p.a.
The interest rate on the loans provided is also 9.75% p.a.
The volume of funds provided as a result of the auction is 561.9 billion rubles.
The auction was held in compliance with Article 46 of Federal Law No.
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