AHML Residential Mortgage Backed Securitisation

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 37059

Status Complete

Location

Russia

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 37059

Status Complete

Location

Russia

Business Sector

Notice Type

Private

Environmental Category

Approval Date

06 Feb 2007

Disclosure date

08 Jan 2007

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

The proposed securitisation project would refinance residential mortgages previously purchased by AHML.

Transition Impact

Securitisation is an important source of refinancing. The proposed project would use a domestic issuance entity as facilitated by Russian securitisation legislation.

The Client

The Agency for Home Mortgage Lending (AHML) is a joint stock company owned by the Russian Government. It is one of the largest re-financiers of residential mortgages in Russia.

EBRD Finance

EBRD would invest in any proposed mezzanine bonds denominated in RUB and securitised by a portfolio of residential mortgages.

Project Cost

To be confirmed.

Environmental Impact

There are no environmental risks associated with the retail lending, therefore there will be no specific environmental requirements associated with this operation.

Technical Cooperation

None.

Company Contact

Tõnu Pekk
EBRD, Financial Institutions

Tel: +44 20 7338 7516

Email: pekkt@ebrd.com

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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