CB to offer 15 bln rubles at unsecured loan auctions
MOSCOW. Dec 29 (Interfax) - The Central Bank of Russia will offer 10 billion rubles to commercial banks at an auction for three-month unsecured loans on January 11, and 15 billion rubles at an auction for five-week loans on January 12, the CB said.
The minimum rate at the first auction will be 11.5% pa and the minimum rate at the second will be 11.25%.
Individual banks will be able to make up to three competitive bids with minimum volume of 1 million rubles.