Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;
www.cbr.ru

Information Notice

On results of auction to provide loans secured by non-marketable assets at floating interest rate

On 10 November 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 18 months (the settlement date — 12 November 2014, the maturity date — 11 May 2016). The type of the auction is a Dutch one. The maximum volume of funds is 150.00 billion rubles.

The auction was attended by 10 credit institutions from 4 Russian regions. Bids offering interest rates in the range of 9.75% p.a. to 12.50% p.a. were submitted to the auction. The auction demand is 282.7 billion rubles.

As a result of the auction the cut-off rate was set at 9.75% p.a.

The interest rate on the loans provided is also 9.75% p.a.

The volume of funds provided as a result of the auction is 150.0 billion rubles.

The auction was held in compliance with Article 46 of Federal Law No. 86-FZ, dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and Bank of Russia Regulation No. 312-P, dated 12 November 2007, ‘On the Procedure for Extending Bank of Russia Loans to Credit Institutions Secured by Assets or Guarantees’.

10 November 2014

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