On results of auction to provide loans secured by non-marketable assets at floating interest rate
On 8 December 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 — 10 December 2014, the maturity date — 11 March 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 30 credit institutions from 20 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 674.80 billion rubles.
As a result of the auction the cut-off rate was set at 10.16% p.a.
The interest rate on the loans provided is also 10.16% p.a.
The volume of funds provided as a result of the auction is 500.00 billion rubles.
The auction was held in compliance with Article 46 of Federal Law No.
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