EEMEA market round up: Citi structures Russian MBS

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EEMEA market round up: Citi structures Russian MBS

Russia’s Agency for Housing and Mortgage Lending priced the first domestic public MBS transaction last month via Citi. The financial institution placed Rb2.9 billion ($112 million) of class A bonds on Micex, the Moscow Interbank Currency Exchange. The transaction will act as a benchmark for future Russian domestic MBS issuance. About 20 investors were attracted to the bonds.

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