January 18, 2008 |
|OAO Agency for Housing Mortgage Lending is considering the placement of mortgage-backed housing bonds amounting to RUR10.7bn in March 2008, announced the company’s representative. The issues were registered on November 27, 2007. The A-series issue comprises 9,440,000 bonds at face value RUR 1,000 each; it will be placed through public offering. The B-series issue includes 590,300 bonds at face value RUR 1,000 each; it will be placed through public offering. The C-series issue counts 697,317 bonds at face value RUR 1,000 each and will be placed through private offering, the Agency for Housing Mortgage Lending being a potential buyer. |
These issues represent the 3rd and the biggest mortgage securitization deal in the Russian market. The structure of the issues is similar to the company’s previous mortgage-backed issue placed in May 2007. All the 3 issues mature on March 15, 2040. The issuer has the right to redeem the bonds early on the end date of coupon period 28 (in about 7 years).
The issuer is the Second Mortgage Agent AHML, the issues are arranged by Citibank and IC Renaissance Capital.
|Full company name||Joint-Stock Company “DOM.RF”|
|Country of risk||Russia|
|Country of registration||Russia|