OREANDA-NEWS. A securitisation of auto loans in the amount of 400 million US-dollars, originated by ZAO Raiffeisenbank Austria, the Russian subsidiary of Raiffeisen International, has successfully been placed with international investors.

Under the transaction which has been arranged by JPMorgan and Raiffeisen Zentralbank Цsterreich, Raiffeisenbank has sold a portfolio of auto loans to a special-purpose entity named ROOF Russia S.A..

ROOF Russia will fund the purchase amongst others from the proceeds of a series of asset-backed secured floating rate notes.

These notes, which represent different risk classes, have been rated by Moody's Investor Service and Fitch Ratings.

95 basis points over LIBOR represent the tightest pricing so far achieved in this sector - reflecting growing investor demand.