State-backed Russian banks close largest rouble deal in history of mortgage securitization
VTB and DOM.RF have closed the largest mortgage securitization in the banks' history, selling a Rb95.7bn ($1.49bn) deal this week.
The portfolio is granular, pooling mortgages made to around 71,000 borrowers of owner-occupied apartments located throughout all major Russian regions. No buy-to-let or interest only loans are included.The single two-year tranche is guaranteed by Russian-backed entity DOM.RF, the issuer of the transaction. VTB is a state-owned ...
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