Bank of Moscow sold RUB4.69 billion ($99 million) of securities backed by Russian residential mortgages to private investors.

The deal, which was led by VTB Capital,  was oversubscribed and priced tighter than initial guidance, according to a press release issued by the bank. Initial price guidance on the deal ranged from 10.45% to 11.00% coupon per annum. The RUB 3.7 billion senior tranche, rated ‘Baa3’ by Moody's Investors Service, priced at a coupon rate of 10.65%.  

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