On results of Bank of Russia auction to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions
On 11 June 2015, Bank of Russia held a 28 day auction to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions.
The auction was attended by 2 credit institutions. Bids offering interest rates of 2.4390% p.a. were submitted to the auction. The auction demand was 441.0 million US dollars.
As a result of the auction the cut-off rate was set at 2.4390% p.a.
The interest rate on the loans provided is 2.4390% p.a.
The allotment amount on the auction results was 441.0 million US dollars.
The auction was held on the following terms:
The maturity is 28 days (the settlement date — 17 June 2015, the maturity date — 15 July 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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