Russia's Gazprombank was roadshowing its second cross-border RMBS last week. On the face of it, not too exciting. But its structure has a tweak from the debut deal, one that should pique the attention of global players across emerging markets.
Now sized at 170.5 million-equivalent ($229 million), the senior tranche is designed to be a mix of euro and ruble notes. How much will be printed in each currency is up to the investor book, industry sources said. Barclays Capital and JSB Gazprombank are the joint leads, and Lehman Brothers a co-manager.