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(AFX UK Focus) 2008-11-17 10:25
Russia c.bank issues 143.07 bln roubles in loans to banks
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MOSCOW, Nov 17 (Reuters) - Russia's central bank had issued 143.07 billion roubles ($5.23 billion) in collateral-free loans to commercial banks on Monday, out of the 150 billion on offer.
The cut off rate at the auction was 12.52 percent. The loans are granted for a period of six months.
For details of the previous five-weeks auction held on Nov.11, see.
The minimum rating requirements for the banks at the auction were the same as for three-months collateral-free loans -- the credit organization should be rated no lower than BB- by Fitch and S&P or Ba3 by Moody's.
The collateral-free loans from the central bank were introduced from Oct. 20, to help boost liquidity in Russia's banking system. ($1=27.33 Rouble) Keywords: RUSSIA AUCTION/LOAN

(Moscow Newsroom; +7495 775 12 42; moscow.newsroom@reuters.com)

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