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On the parameters of the auctions for the provision of loans secured by non-marketable assets at a floating interest rate for the third and fourth quarters of 2014

29 May 2014
Press release

The Bank of Russia set the following parameters of the auctions for the provision of loans secured by non-marketable assets at a floating interest rate to be held in the third and fourth quarters of 2014.

Date Term Settlement date Maturity date
14.07.2014 3 months 16.07.2014 15.10.2014
28.07.2014 12 months 30.07.2014 29.07.2015
11.08.2014 3 months 13.08.2014 12.11.2014
08.09.2014 3 months 10.09.2014 10.12.2014
13.10.2014 3 months 15.10.2014 14.01.2015
10.11.2014 3 months 12.11.2014 11.02.2015
08.12.2014 3 months 10.12.2014 11.03.2015

Auction type: Dutch auction.

Minimum interest rate: the Bank of Russia key rate effective on the date of the credit auction increased by 0.25 percentage points.

Minimum bid: 25 million roubles.

Maximum number of bids from a credit institution: 3 for every correspondent (credited) account with the Bank of Russia.

Only competitive bids are accepted.

Auction timing:

   
Tender offer till 12.00 local time
Auction time till 17.00 Moscow time

The auctions are conducted according to Regulation No. 312-P, dated 12 November 2007, “On the Provision of Loans Secured by Non-marketable Assets and Guarantees by the Bank of Russia to Credit Institutions”.


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