8 Dec 2009 14:37

Banks fully receive 10 bln rubles in 5-wk unsecured loans from CB, cutoff rate at 11.58%

MOSCOW. Dec 8 (Interfax) - Russian banks raised 10 billion rubles in unsecured five-week loans at a Central Bank auction on Tuesday, the CB said in a statement.

The statement said that banks drew the enter offer coming to 10 billion rubles.

The cutoff rate stood at 11.58% with a minimum of 11.25%

The average weighted rate came to 11.84%.

The funds will be provided on December 9, 2009 and slated for return on January 13, 2010.

One bank was able to submit a maximum of three applications at a minimum of 1 million rubles.