Russian Bank Readies $850 Mln Deal For ‘08

29 Aug 2007

Russia’s Sobinbank plans on coming to market with an $850 million securitization backed by mortgage and car loans in the third quarter of 2008, reports Reuters. Under the plan, Sobinbank’s Russian Mortgage Bank subsidiary would securitize a $500 million pool of mortgage loans and Sobinbank would issue $350 ...

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