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On Holding an Auction to Place Pension Savings Funds on Deposits in Credit Institutions

24 december 2009 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ announces that an auction to place pension savings funds on deposits in credit institutions is to be held on December 29, 2009.

Auction Parameters:

Date of deposit auction December 29, 2009
Period of placing funds 90 (ninety) days
Maximum amount of funds to be placed in credit institutions 13 500 million rubles
Date of placing funds December 29, 2009
Date of refunding funds March 29, 2010
Minimum interest rate on funds to be placed on deposits in credit institutions, % per annum 7.7 %
Minimum amount of one application 100 (one hundred) million rubles
Call for auction bids from 13.30 to 14.15
Determining cutoff rate or declaring bids selection process invalid from 14.15 to 14.45

 
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