On results of auction to provide loans secured with non-marketable assets at floating interest rate
On 13 October 2014, the Central Bank of the Russian Federation held an auction to provide loans secured with non-marketable assets at a floating interest rate on the following terms:
The maturity is 3 months (the settlement date — 15 October 2014, the maturity date — 14 January 2015). The type of the auction is a Dutch one. The maximum volume of funds is 600.0 billion rubles.
The auction was attended by 34 credit institutions from 44 Russian regions. Bids offering interest rates in the range of 8.25% p.a. to 10.00% p.a. were submitted to the auction. The auction demand is 596.1 billion rubles.
As a result of the auction the cut-off rate was set at 8.25% p.a.
The interest rate on the loans provided is also 8.25% p.a.
The volume of funds provided as a result of the auction is 596.1 billion rubles.
The auction was held in compliance with Article 46 of Federal Law No.
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