22 Jul 2011 13:58

Finance Ministry to offer banks 20 bln rubles in 5-mth deposits on July 26

MOSCOW. July 22 (Interfax) - The Finance Ministry will accept bids from banks on July 26 for 20 billion rubles in temporarily idle budget funds for five-month deposit, the ministry said.

The minimum interest rate is 4.15% annually. The funds must be returned on December 28, 2011.

A bank may submit up to five bids. The minimum bid is 200 million rubles.