Runner-up: Alfa Bank
Alfa Bank, Russia's largest private bank, issued the country's first securitisation programme for payment confirmations at the end of March, marking a significant turning point for Russia's nascent asset-backed securitisation market. Following the example of other emerging markets that have raised similar funding programmes, including Turkey and Brazil, the originator is able to securitise future and existing receivables of diversified payment rights (DPR) from offshore obligors.
Payments on
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