Select your city:
Moscow

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

Vneshtorgbank issues mortgage-backed securities

 
9 June 2006

VTB has announced an issue of securities within the framework of its project designed to securitize its proprietary mortgage loan portfolio. The total volume of the issue is expected to reach USD90 million.

The transaction was arranged by Barclays and HSBC with the International Financial Corporation also involved.

This is the first time mortgage-backed securities have ever been issued in Russia. And is it also the first time Russian securities have been assigned such high ratings - A1 by Moody's, and BB+ by Fitch. The securities will be placed on European markets with a 29-year maturity.

Undoubtedly, this transaction will gear up long-term financing facilities channeled into mortgage business not only by Vneshtorgbank, but also by other Russian banks, which will finally allow offering lower interest rate mortgage loans to households.


Back to the list



VTB group news subscribe
  • E-mail subscribe
  • RSS lent
    Subscribe
    Subscribe
Download the list of cities.....