Central Bank to offer banks 30 bln rubles in 5-wk unsecured loans on Sept 7
MOSCOW. Sept 4 (Interfax) - The Central Bank of Russia will hold an auction on September 7 to offer banks 30 billion rubles in five-week unsecured loans, the bank said in a statement.
The minimum interest rate will be 11.25% annually.
The funds will be provided on September 9 and must be returned on October 14.
Banks may make up to three bids. The minimum bid amount is 1 million rubles.