Corporate Communications

VTB Capital completes the St. Petersburg Center for Affordable Housing’s first mortgage portfolio securitisation deal

26 December 2013
VTB Capital has successfully closed the St. Petersburg Center For Affordable Housing’s debut mortgage portfolio securitisation. A and B class bonds for a total of RUB 2.087 billion have been issued as part of OJSC Agency for Housing Mortgage Lending (AHML)’s Programme No.3 for the acquisition of mortgage-backed bonds.

The coupon rate is 8.5 per cent with a maturity date of July 15, 2041. The bonds are backed by RUB-denominated mortgage loans issued by the St. Petersburg Center For Affordable Housing and are guaranteed by the AHML.

Andrey Suchkov, Head of Securitisation at VTB Capital, said: "We are honoured that VTB Capital has become the first bank in Russia to successfully implement the AHML‘s regional operator mortgage securitisation deal with public subscription on the Moscow Stock Exchange. Naturally, the first deal was completed for the St. Petersburg Center For Affordable Housing as it is the largest market operator. We continue to actively develop the securitisation business of Russian assets by sustaining our leading position in this market segment and maintaining high credibility with investors."

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