Corporate Communications

VTB Capital successfully completes RUB 18bn placement of mortgage-backed securities “MBS Factory LLC” on the secondary market

21 December 2017
On December 20, 2017, VTB Capital closed the order book for the secondary placement of mortgage-backed securities “MBS Factory LLC” (originator bank: VTB24). The single-tranche mortgage securities are a new securitization instrument guaranteed by AHML. The quarterly coupon on the bonds is set at 11.50%, the issue includes a call option and matures on April 28, 2046.

Initially the deal was announced as a benchmark transaction of up to RUB 10bn. Due to substantial market demand the final volume of the placement amounted to RUB 18bn. Ten investors put in their bids during the bookbuilding process, the total investor demand came to approximately RUB 24bn. Settlement of the transaction is planned for December 21-26, 2017.

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