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Russia Finance Ministry Budget Money Auction Results

The following table shows details of the Nov. 1 unspent budget money auction, according to the Ministry of Finance of Russia in Moscow:

Amount offered, million rubles                         55,000
Funds transferred to banks                          11/2/2011
Funds repaid                                       12/21/2011
Minimum interest rate                                   6.50%
Minimum bid amount, million rubles                        200
Maximum number of bids from 1 participant                   5
Interest cutoff rate                                    7.02%
Amount allotted, million rubles                        55,000
Amount of bids, million rubles                         95,212
Average interest rate                                   7.68%
Minimum interest rate in bids                           6.70%
Maximum interest rate in bids                           8.00%
Number of participants                                      7

SOURCE: Finance Ministry of Russia

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