On results of Bank of Russia credit auctions to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions
On 20 March 2015, the Bank of Russia held credit auctions to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions.
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As a result of the credit auction the cut-off rate was set at 1.4469% p.a.
The interest rate on the loans provided was also1.4469% p.a.
The allotment amount was 949.7 million US dollars.
The auctions were held on the following terms:
The maturity is 28 days (the settlement date — 25 March 2015, the maturity date — 22 April 2015). The type of the auction is a Dutch one. The maximum allotment amount is 2.0 billion US dollars.
The maturity is 365 days (the settlement date — 25 March 2015, maturity date — 24 March 2016). The type of the auction is a Dutch one. The maximum allotment amount is 1.0 billion US dollars.
The auctions were held in compliance with Article 46 of Federal Law No.
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