Last year there were many notable deals, including issues by MDM Bank, Russian Standard Bank, Alfa Bank and Russian Railways. One area that particularly stands out is RMBS issuance. Volumes reached €291.6 million in 2006, of which 57% was accounted for by Gazprombank. Russian mortgage backed securities accounted for 24%, and 19% came from city mortgage MBS finance. Deutsche Bank predicts that 2007 volumes will be dominated by sizable bank securitizations.
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