On results of auction to provide 3-week loans secured by non-marketable assets
On 22 December 2014, the Bank of Russia held an auction to provide loans secured by non-marketable assets on the following terms:
The maturity is 3 weeks (the settlement date — 24 December 2014, the maturity date — 14 January 2015). The type of the auction is a Dutch one. The maximum volume of funds is 500.00 billion rubles.
The auction was attended by 9 credit institutions from 8 Russian regions. Bids offering interest rates in the range of 17.30% p.a. to 19.00% p.a. were submitted to the auction. The auction demand is 262.00 billion rubles.
As a result of the auction the cut-off rate was set at 17.30% p.a.
The interest rate on the loans provided is also 17.30% p.a.
The volume of funds provided as a result of the auction is 262.00 billion rubles.
The auction was held in compliance with Article 46 of Federal Law No.
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