Short news - First Ukrainian mortgage bond is ready to go

The State Security Market Department prepares for a registration a first mortgage bond issues in Ukraine for Ukrgazbank.

As Aleksandr Okhrimenko said, these bonds issue for 3 years, with 10,5% rate. Management of issue is providing by HVB Ukraine (UniCredit Group). Ukrgazbanks plans to place most of the issue volume within non-residents. But at the autumn 2006 National bank of Ukraine has included such type of security as refinancing tool. If so, local banks have good option for such operation instead State treasure bonds (OVGZ), Mr. Okhrimenko said. Now NBU refinances only for State issued securities.

Some time ago some banks (Raiffeisen Aval, Ukrsibbank) has stated about own mortgage bonds issues, but it didn't happen.