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
The week on Risk.net, July 7-13, 2018Receive this by email