December 17, 2014, Moscow - Sberbank issued mortgage-secured bonds as part of the deal to securitize Sberbank's mortgage loan portfolio. The issuance took place as part of Vnesheconombank's investment program for the construction of affordable housing and mortgages in 2010-2013.

Sberbank CIB was the organizer of the deal. Sberbank CIB has put forth major efforts to create a securitization platform at the Bank, and to structure the issuance of mortgage-backed securities. The new method for creating reserve funds using the organizer's line of credit has improved the efficiency of the structure. The guarantor of the issue was The Agency For Housing Mortgage Lending (AHML).

During the deal, the issuer - LLC Mortgage Agent SB-2014) - placed two senior tranches of mortgage bonds ('A' and 'B') and one junior tranche ('B') worth a total of 11.1 bln rubles. The size of the tranches is as follows: 'A' - 6.7 bln rubles, 'B' - 3.3 bln rubles, 'V' - 1.1 bln rubles. AHML provided the guarantee for the two senior tranches.

The coupon rate for the class 'A' bonds was set at 9% annually.
The coupon rate for the class 'B' bonds was set at 3% annually.

The date of full redemption of all the bond tranches is December 28, 2046.

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Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
media@sberbank.ru

Sberbank of Russia is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 110 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with more than 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.

The Bank holds the general banking license No.1481 issued by the Bank of Russia. The official website is www.sberbank.ru.

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