Year not over for Russian RMBS despite market rout

Year not over for Russian RMBS despite market rout

Tom Porter

December 22, 2014 11:00 AM

Russian rouble crash — FILE - In this Tuesday, Dec. 16, 2014 file photo, a man walks by a sign advertising currencies of an exchange office in Moscow, Russia. Russia has been badly affected by the slide in oil prices in 2014 - the ruble has plunged despite big increases in interest rates as much of Russia's economy is based on energy. Sanctions on the country for its alleged involvement in the crisis in Ukraine havent helped the economy either, which appears headed for recession. (AP Photo/Alexander Zemlianichenko, File ) | Alexander Zemlianichenko/AP/Press Association Images

AK BARS Bank has completed a securitization of mortgages through VTB Capital, which GlobalCapital understands will not be the last RMBS of 2014 for Russia’s domestic market even as international investors fear the country will suffer bank and corporate defaults next year.

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Topics

CEE Bonds News content RMBS Securitization Emerging Markets CEE

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Tom Porter