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VTB Capital successfully closes mortgage portfolio securitization deal for Investtradebank

November 29, 2012
VTB Capital has successfully completed a RUB 3.3bn securitization deal for Investtradebank’s mortgage portfolio. This is VTB Capital’s first transaction deal it has arranged within the Program for Mortgage-backed Securities Purchase sector - which has been developed by the Housing Mortgage Lending Agency in order to further develop the mortgage market in Russia.

The mortgage securities’ senior tranche was placed by open tender on MICEX and will provide approximately RUB 2.4bn in funding to Investtradebank. Moody's, has assigned a credit rating of BAA3 to this tranche. The transaction will allow the client to continue the implementation of its strategic programs in the field of mortgage lending.

Andrey Suchkov, Head of Securitization at VTB Capital, said: "VTB Capital continues to actively develop the securitization business, particularly in the area of financing mortgage operations. The deal is a landmark for future developments in the mortgage market in Russia. We will continue to work to expand the necessary level of confidence in the Russian mortgage bonds."
  • Status
    early redeemed
  • Country of risk
    Russia
  • Redemption (put/call option)
    *** (***)
  • Amount
    2,399,952,000 RUB
  • М/S&P/F
    — / — / —
  • Full name
    Mortgage Agent of ITB 1 (JSC)
  • Registration country
    Russia
  • Industry
    Financial institutions