19.02.2008 /Auto loans
 MBRD Closes Its First Car Loan Securitisation Deal
19.02.2008 MBRD has securitised part of its car loan portfolio. This deal will provide the Bank with the funding in the amount of 1.499 bln RUB.
The Issuer may increase the borrowing up to $200 mln USD (eq.) in the next 12 months. All notes are denominated in roubles and the transaction implies a unique interest rate hedging scheme.
Bayerische Hypo- und Vereinsbank AG, member of UniCredit Group, was the sole Arranger and sole Lead Manager for the Bank in this deal.
Class A Notes were rated by Fitch Ratings international rating agency as “ÂÂÂ+”, and Class B Notes as “”.
“We hope that this deal will let us offer our clients more attractive car loan rates in the nearest future”, Sergey Zaytsev, Chairman of the Management Board, said.
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