February 7, 2014 VTB Capital acted as co-arranger of a debut mortgage portfolio securitization deal for the Bank of Moscow. As part of the deal, mortgage backed securities of CJSC "VTB Mortgage Agent - BM 1" were placed with a total nominal value of 25,957,963 thousand rubles. Class "A" bonds worth 23,362,166 thousand rubles were placed by open subscription on the MICEX, while class "B" bonds worth 2,595,797 rubles were retained by the Bank.
International rating agency Moody's has assigned the Class "A" bonds a credit rating of Baa3(sf). Class "A" bonds have a fixed coupon rate of 8.69 % per annum and are subject to full repayment by March 2, 2046. VTB Capital and VTB 24 (JSC) were the joint arrangers of the deal; VTB Capital was the placement agent.
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