On results of Bank of Russia credit auction to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions
On 2 October 2015, the Bank of Russia held the
The credit auction was attended by two credit institutions. Bids offering interest rates in the range of 2.4440% p.a. to 2.4500% p.a. were submitted to the auction. The credit auction demand was 445.0 million US dollars.
As a result of the credit auction the cut-off rate was set at 2.4440% p.a.
The interest rate on the loans provided was also 2.4440% p.a.
The allotment amount was 445.0 million US dollars.
The auction was held on the following terms:
The maturity is 28 days (the settlement date — 7 October 2015, the maturity date — 5 November 2015). The type of the auction is a Dutch one. The maximum allotment amount is 0.5 billion US dollars.
The auction was held in compliance with Article 46 of Federal Law No.
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02.10.2015 00.00.00