EEMEA market round up: Kazakh RMBS deal sets benchmark
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

EEMEA market round up: Kazakh RMBS deal sets benchmark

BTA Ipoteka became the first Kazakh bank to issue a securitization of residential mortgage loans in the international public markets.

The deal raised $141.4 million. The structure incorporates a political risk interest payment contract, which allowed Fitch to rate the class A notes one notch above the country ceiling. Additionally, the structure includes a balance guaranteed interest rate swap.

Gift this article