TRANSKAPITALBANK securitizes its residential mortgage assets
Today TRANSKAPITALBANK (TKB) successfully closed book building for another RMBS transaction.
The RMBS will be distributed in the amount of RUB4,095mln.
TKB, PJSC Sovcombank and REGION Group acted as the mandated lead arrangers for this transaction.
Settlements and clearing under this RMBS deal will be made through the Moscow Exchange on June 23, 2017.
The book was distributed among large institutional investors. The 1st coupon rate was set at 9,10% p.a. The coupon interest payments will be made quarterly. The RMBS maturity is 2045.
«This is our 3rd RMBS deal. Despite of the high volatility we have seen on the market for the last couple of days, we managed to close books with a pricing lower than initially expected level of 9,25% p.a. This RMBS issuance will definitely strengthen TKB’s positions on the local mortgage loans market» – commented Evgeni Ivanovski, TKB’s Deputy Chairman of the Management Board.