OREANDA-NEWS. On 01 September 2009 was announced, that OJSC AHML placed its documentary non-convertible coupon bearer state-guaranteed series A12-A15 bonds totaling 28 billion rubles on MICEX Stock Exchange. The placement was made through the collection of applications to purchase bonds at a fixed price and the rate of the first coupon. The deal organizers included TransCreditBank, Sberbank, Bank of Moscow, Raiffeisenbank, Citibank.

The bonds have a floating coupon rate. The floating rate is equal to the sum of the CBR refinancing rate set 1 business day prior to the starting date of the coupon period, and published on the official website of the Bank of Russia, and a premium of 2,5% per annum. The premium is set for the duration of the bond.

AHML’s bonds with state guarantees will be used in swap transactions for pools of mortgage loans to encourage banks to issue new mortgage loans. The banks which exchange pools of loans for these bonds will be able to attract CBR funding secured by these bonds.