VTB and DOM.RF close the largest MBS deal with a volume of RUB 95.7bn

31 October 2019
VTB and DOM.RF completed the securitisation of the bank's mortgage portfolio by issuing mortgage bonds guaranteed by DOM.RF for the amount of RUB 95.652 billion. This is the fourth VTB Bank mortgage portfolio securitisation transaction executed as part of the issue of single-tranche mortgage-backed securities guaranteed by DOM.RF. The issue has become the largest one in the history of the Russian mortgage securitisation market.

The bonds have a floating coupon rate. The issuer is DOM.RF Mortgage Agent LLC, a subsidiary of DOM.RF incorporated in accordance with the requirements of the Federal Law No.152-FZ dated November 11, 2003 “On Mortgage Securities”. The issue is placed by open subscription with the par value of each security of RUB 1,000. Its legal maturity date is September 28, 2049, and its expected duration is about 2 years. The issue is included in the first tier of the Moscow Exchange quotation list.

Andrey Suchkov, Head of Securitisation at VTB Capital, noted, “The issue of mortgage bonds is becoming a significant factor in the development of the primary mortgage market and is aimed at increasing the availability of the loans. We intend to further expand our cooperation with DOM.RF based on the goals incorporated in the national project.”
In 2018, VTB and DOM.RF signed a memorandum on expanding their cooperation in the field of mortgage bond projects for the amount of up to RUB 500 billion. Since December 2016, ICB DOM.RF has placed 14 issues for a total amount exceeding RUB 420 billion.

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