20 Apr 2015 09:38

Banks raise $451 mln at Central Bank auction for 28-day FX loans

MOSCOW. April 20 (Interfax) - Banks raised $451 million at a Central Bank auction for 28-day dollar loans backed by assets denominated in foreign currency, the Central Bank said in a statement.

An auction for 365-day loans was called off because only one bank bid.

Two banks bid in the auction for 28-day loans, offering interest rates in the range of 1.9311% to 1.9325%. Demand totaled $451.0 million. The cut-off rate was set at 1.9311% and this is the rate at which the bids were met.

The limit at each of these auctions was $1 billion. The minimum rates for 28 days and 365 days were respectively 1.9306% and 2.6914%.