20 Dec 2012 18:27

Russian Treasury places 40 bln rubles in 3wk deposits at 6.71%

MOSCOW. Dec 20 (Interfax) - Russia's Federal Treasury placed 40 billion rubles in temporarily idle budget funds in 21-day deposits (until January 11) on Thursday with the average weighted rate at 6.7%, the treasury said in its materials.

The tender was held on Moscow Exchange MICEX-RTS by open subscription.

Total applications receives came to 65.569 billion rubles at a set limit of 40 billion rubles.

Seven banks took part in the tender, including 6.5%-6.8% in their applications with the set minimal rate at 6.5%. The cutoff rate was set at 6.7%.

Two bank applications worth 40 billion rubles were approved at the tender.