13 Sep 2012 16:37

Federal Treasury places 17.5 bln rubles in 5-week deposits at four banks at 6.4%

MOSCOW. Sept 13 (Interfax) - Russia's Federal Treasury placed 17.5 billion rubles in temporary idle federal budget funds in 35-day deposits at four banks at an average weighted rate of 6.4%, the treasury said in its materials.

The closed selection was held on the OJSC MTS-RTS Moscow Exchange.

Four banks took part in the selection. These banks applied for 17.5 billion rubles out of a limit of 25 billion rubles. The rates indicated came to 6.3%-6.6%.

The cutoff rate was set at the minimum level of 6.3%.

All applications were approved upon the selection's results.

The funds will be deposited until October 19.