AHML Residential Mortgage Backed Securitisation

Location:

Russia

Project number:

37059

Business sector:

Non-depository Credit (non bank)

Notice type:

Private

Environmental category:

FI

Target board date:

06 Feb 2007

Status:

Complete

PSD disclosed:

08 Jan 2007

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

 

Business opportunities

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