Mortgage backed securities in Russian rubles hit a new high in issuance last year, reaching about RUR50 billion ($1.6 billion) from somewhat over RUR30 billion in 2011, sustained largely by purchases from the government’s Agency for Housing Mortgage Lending, AHML.

Players say that fairly robust loan origination, paired with AHML’s commitment to the sector, are strong enough to keep issuance on par with 2012.

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