Banks get $1.515 bln at two FX credit auctions
MOSCOW. Jan 26 (Interfax) - Banks raised a total of $1.515 billion at two Central Bank credit auctions for foreign currency loans secured by assets denominated in foreign currency on Monday, the Central Bank said.
They received $620 million at an auction for 28-day dollar loans secured by the pledge of claim on dollar loans and $895 million in 365-day loans.
These are the first auctions for FX loans secured by assets denominated in foreign currency, which the regulator announced in December 2014 and January 2015.
Two banks bid between 0.9178% and 0.9200% pa at the 28-day credit auction. Demand was $620 million and the cut-of rate was 0.9178%.
Two banks bid between 1.55% and 5.0% pa at the 365-day credit auction. Demand was $895 million and the cut-of rate was 1.55%.