Corporate Communications

VTB Capital completes securitisation of Vozrozhdenie bank mortgage loans

26 March 2014

VTB?Capital has successfully completed a RUB 3.45 billion securitisation deal for Vozrozhdenie bank’s mortgage portfolio. The placement was arranged within the Mortgage-backed Securities Purchase Programme developed by the Agency for Housing Mortgage Lending (AHML).

Moody's has assigned a credit rating of Baa2 (sf) to the RUB 3 billion senior tranche and the coupon rate is 9%. The senior tranche issue was placed by open subscription on the MICEX. Junior tranche has been purchased by Vozrozhdenie bank via the closed subscription.

Andrey Suchkov, Head of Securitisation at VTB?Capital, said: "VTB?Capital continues to hold a leading position in the Russian securitisation market. This is our third transaction for Vozrozhdenie bank and securitisation has become a stable source of funding for their mortgage operations. I am confident that we will continue to deliver the best securitisation services to our partners”.

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