VTB Capital closes Rb48bn agency-backed Russian RMBS

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By David Bell
07 Dec 2017

VTB Capital has completed a Rb48.2bn (€688.3m) residential mortgage backed securitization, guaranteed by the state Agency for Housing and Mortgage Lending guarantee programme.

The Russian bank has structured the single tranche mortgage security, which has a fixed coupon of 11.5%, through AHML’s new ‘Mortgage-backed Securities Factory’ programme, which places a state guarantee on the bonds.

VTB Capital said the bonds are intended to be placed in the market in the near ...

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