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Raiffeisen International successfully closes first Securitisation Transaction in CEE in 2008 after turbulences in the financial markets |
| 2008.02.01 |
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Raiffeisen Leasing Polska S.A., the Polish leasing subsidiary of Raiffeisen International Bank-Holding AG has successfully closed the 1 billion Polish Zloty (approx. 280 million euros) vehicle leasing securitisation transaction "ROOF Poland 2008-1".
This is the first securitisation transaction successfully closed in Central and Eastern Europe (CEE) in 2008 and, in particular, a remarkable success considering the market turbulence since the start of the subprime crisis in summer 2007.
The transaction substitutes the 640 million Polish Zloty ROOF Poland 2006 transaction closed in January 2006. This is already the fourth transaction from a CEE country which Raiffeisen International has concluded under its ROOF-securitisation platform over the past two years.
The closing of this transaction despite challenging market conditions reflects the strong confidence of the investors in the ROOF securitisation programme and in Raiffeisen International's reputation as originator in CEE.
"The successful closing of this transaction is remarkable – in particular in the light of the current market environment – and shows that investors acknowledge that we use superior risk standards in our markets and, therefore, our portfolios are very well received by the markets", said Herbert Stepic, CEO of Raiffeisen International.
EIB and EIF have again participated in ROOF Poland 2008-1 in order to facilitate the financing of small and medium enterprises within the European Union. Support of EIB and EIF was a major factor contributing to the successful closing of the transaction in the unfavourable market conditions.
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| | Kapcsolódó weboldal |
Sajtókapcsolat |
| Referens: | Gondáné Fischer Zsófia |
| edina.nagy@raiffeisen.hu |
| +36 1 484-4479 |
| Cég: | Raiffeisen Bank |
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