Corporate Communications

VTB Capital successfully closes mortgage portfolio securitization deal for Bank Saint-Petersburg

3 December 2018

VTB Capital has successfully completed a securitisation deal for Bank Saint Petersburg’s mortgage portfolio.

As part of the transaction, mortgage-backed securities of BSPB 2 mortgage agent in the amount of RUB 7.5bn were issued with a coupon rate of 9.35%. The bonds have been fully placed with a wide range of investors. Analytical Credit Rating Agency (ACRA) has assigned the bonds the highest AAA (ru.sf) rating, which indicates the high credit quality of the securities.

Andrey Suchkov, Head of Securitisation at VTB Capital, said: “VTB Capital continues to strengthen its leadership positions in the Russian securitisation market. This is the second securitisation transaction arranged by VTB Capital for Bank Saint Petersburg, which reflects the confidence in our team’s professionalism and efficiency of VTB Capital’s securitisation business. The placement has attracted significant market interest and will certainly serve as a benchmark for future transactions.”

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