PrivatBank
PrivatBank has achieved twin firsts with its Ukraine Mortgage Loan Finance No 1 deal: not only is it the issuer's debut securitisation, but it is also Ukraine's first residential mortgage-backed securitisation. UBS was sole arranger and bookrunner on the deal.
The $180 million transaction matures in December 2031, stepping up to two times the initial margin in April 2014, although underlying loans are expected to mature before then.
"Although there is a step-up in this deal at seven years, it is
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