State-backed Russian banks close largest rouble deal in history of mortgage securitization

By Tom Brown
01 Nov 2019

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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