Bank Vozrozhdenie was the best in its nomination

12 December 2017, 13:04 | Economy
photo YTPO.ru
Text Size:

Bank Vozrozhdenie won the prestigious Cbonds Awards-2017 in the category "Best Initial Placement on the Securitization Market". The solemn ceremony was held in the framework of the 15th Russian Bond Congress held in St. Petersburg. Issue of mortgage securities was held in May 2017. The scheme was chosen classical. As part of the SPV issue, Mortgage Agent Vozrozhdeniye 5 LLC issued non-convertible documentary interest bearing mortgage-backed bonds with a total nominal value of 4.1 billion rubles. The maturity date is fixed on August 28, 2049. , the fixed coupon is 9.25%. The securities were placed by public subscription on the MICEX Stock Exchange with the listing of securities admitted to trading included in the second level. The rating agency Moody's assigned the investment grade Baa3 (sf) to the bonds of LLC "IAV 5". According to the Chairman of the Board of the Bank "Vozrozhdenie" Mark Nakhmanovich, the award was "the result of the joint work of professionals and the indicator of confidence and interest of investors to such a financial instrument as mortgage bonds". He also noted that the bank is actively using this tool to unload capital and develop the mortgage business from 2011. , so that the current mortgage securitization transaction was for the "Renaissance" is already the fifth. The organizer and technical underwriter of the transaction was CJSC "VTB Capital". PJSC "Promsvyazbank", PJSC "Sovcombank" and IFC "Solid" JSC became co-arrangers of the placement.

Baker & McKenzie, TMF RUS Ltd, PricewaterhouseCoopers and the rating agency Moody's also took part in the organization of the issue.. The Cbonds Awards are presented to the best participants of the Russian bond market every year since 2006. Laureates are determined by market participants themselves through an open vote. Among the nominations are the best DCM teams, sales, trading, the best analyst on the bond market, the best primary offering transaction among corporate and sub-federal borrowers.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer