SPV: Roof Russia S.A.
Class/ Rating/ Amount, mln/ Coupon
A /(A3//A-) /130.0 /1mL + 95 bp
Av life (A) 3.8Y
B /(Baa2//BBB)/ 13.8 /1mL + 135
C /(Ba2//BB)/ 17.9 /Preplaced
D /(B2//B)/ 3.5 /Retained
Av life (B-D) 5.5Y
Sub Note /NR/ [7.6] /
SVFC /NR /[227.2] / n/a
(SVFC- Senior Variable Funding Certificate)
Seller/Originator: ZAO Raiffeisenbank Austria (Baa2)
Servicer: ZAO Raiffeisenbank Austria (Baa2)
Back-up Servicer: International Moscow Bank (NR)
Credit Enhancement/Reserves: 1.91%
Commingling Reserve: 4.11% (% of initial purchased receivables)
Set Off Reserve: 3.81% (% of initial purchased receivables)
Liquidity Facility: 2.5% Liquidity Facility, 1% Liquidity Principal 1
Hedging: Interest Rate Swap
Cash Reserve Facility Provider: Raiffeisen Zentralbank Österreich AG
Subordinated Note Facility Provider: Raiffeisen Zentralbank Österreich AG
Principal Paying Agent: Bank of New York (P1)
Security Trustee: TMF Trustee Limited
Note Trustee: TMF Trustee Limited
ZAO Raiffeisenbank Austria (“RBA”) will sell part of its portfolio of Auto Loan receivables
to a newly incorporated Luxembourg SPV. The purchase of these receivables will be
funded by the issuance of four classes of Asset Backed Notes, a Senior Variable Funding
Certificate that will rank pari-passu with the Class A Notes, and the Initial Subordinated
Notes.
Raiffeisenbank is a 100 percent subsidiary of Austria's Raiffeisen Banking Group. The Bank has been operating in Russia since 1996 and offers a full range of services to individual and corporate custo ...
