Russia welcomes mortgage-backed securities market
Mortgage securitization market has opened in Russia. December 8 the Moscow Interbank Currency Exchange started trading collateralized mortgage obligations. The obligations are expected to advance grouping of the moderate housing market.
New securities have turned to be the first mortgage-backed securities bidders as well as the first Russian collateralized mortgage obligations. They were issued October 19, 2006, though the Mortgage-backed securities act was passed November 2003. The total volume of float made up 3bn rubles ($1145 thousand). The securities are to be completely repaid December 29, 2036. Their nominal worth amounts to 1000 rubles ($ 38.16).
www.lenta.ru
New securities have turned to be the first mortgage-backed securities bidders as well as the first Russian collateralized mortgage obligations. They were issued October 19, 2006, though the Mortgage-backed securities act was passed November 2003. The total volume of float made up 3bn rubles ($1145 thousand). The securities are to be completely repaid December 29, 2036. Their nominal worth amounts to 1000 rubles ($ 38.16).
www.lenta.ru
posted by Levi at 4:12 AM
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