Bank Vozrozhdenie mortgage-backed Bonds have been registered

2 December 2011

On December 1, 2011 the Federal Financial Market Service registered Class A and Class B mortgage-backed Bonds secured by Bank Vozrozhdenie mortgage loans amounting to RUB 4.07 bln. Registration numbers 4-01-76791-Н and 4-02-76791-Н were assigned to the aforementioned securities. Closed Joint Stock Company “Mortgage agent Vozrozhdenie 1” was the Issuer of Bonds.

“We securitized part of the Bank’s mortgage loan portfolio currently amounting to RUB 14.7 bln”, — noted Alexander Dolgopov, Deputy Chairman of the Management Board.

“Placement of mortgage-backed bonds shall start in the second half of December. Hence, we intend to attract long-term funding for our active operations and increase Bank’s liquidity in the long-term perspective”, added Alexander Dolgopolov

Class A Bonds shall be placed by public offering on MICEX while Class B Bonds shall be purchased by the Bank. VTB Capital acts as Arranger of issue and placement of mortgage-backed Bonds.

Related links:

Bank Vozrozhdenie net profit for 9M 2011 grew by 2.8 times to Rub 1.1 billion
Standard and Poor’s Ratings Services affirmed rating of Bank Vozrozhdenie