OREANDA-NEWS. January 22, 2015. JSC AIKB Tatfondbank has successfully completed a transaction related to securitisation of a portion of its mortgage portfolio.

The transaction was arranged by CJSC Sberbank CIB. The Agency for Housing Mortgage Lending acted as underwriter, payment agent, and backup servicer, having provided the “cold” service. Financial risks were insured by OJSC AHML Insurance Company.

The placement was carried out by CJSC Mortgage Agent TFB1 in 3 tranches (“A” (senior), “B” (mezzanine) and “C” (junior)). The total amount of mortgage-backed bonds is RUB 2 656 445 thousand. The amounts of tranches: “A” – RUB 2 382 831 thousand, “B” – RUB 132 822 thousand, “C” – RUB 140 792 thousand. The coupon rate for Class “A” bonds was set at the level of 11%.

“In this off-balance-sheet mortgage portfolio securitisation deal we have achieved our targets: the senior class bonds totalled 89% of the issue. This was supported by both the good credit quality of our portfolio of mortgage loans and the right choice of professional partners“, said Sergey Meshchanov, Deputy Chairman of the Board of Management of JSC AIKB Tatfondbank, commenting on the event.