On results of Bank of Russia auctions to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions

On 26 January 2015, Bank of Russia held auctions to provide US dollar loans secured by the pledge of claim on US dollar loans to credit institutions.

The 28-day auction was attended by 2credit institutions. Bids offering interest rates in the range of 0.9178% p.a. to 0.9200% p.a. were submitted to the auction. The auction demand was 620.0 million US dollars.

As a result of the auction the cut-off rate was set at 0.9178% p.a.

The interest rate on the loans provided is also 0.9178% p.a.

The allotment amount was 620.0 million US dollars.

The 365-day auction was attended by 2credit institutions. Bids offering interest rates in the range of 1.5500% p.a. to 5.0000% p.a. were submitted to the auction. The auction demand was 895.0 million US dollars.

As a result of the auction the cut-off rate was set at 1.5500% p.a.

The interest rate on the loans provided is also 1.5500% p.a.

The allotment amount was 895.0 million US dollars.

Auctions were held on the following terms:

The maturity is 28 days (the settlement date — 28 January 2015, the maturity date — 25 February 2015). The type of the auction is a Dutch one. The maximum allotment amount is 1.0 billion US dollars.

The maturity is 365 days (the settlement date — 28 January 2015, the maturity date — 28 January 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. 86-FZ, dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’.

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