Russian RMBS leans on state with new assets planned for next year

By Owen Sanderson
15 Dec 2014

Despite the turmoil in the wider Russian markets, the Russian domestic asset-backed market may still have a bright long term future — but the asset class will need heavy support from state institutions.

Russian financial markets have been in turmoil all week, as highlighted by the Central Bank of Russia hiking its main repo rate from 10.5% to 17% early on Tuesday morning, a move which was designed to defend the value of the rouble, but which threatens the short term ...

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