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Mortgage bonds take a hit in Russia too

Thursday, September 24, 2015 - 05:50


COUNT the mortgage-backed securities (MBS) market as another victim of Russia's recession.

VTB Group, the nation's top organiser of the bonds, says issuance will slump 60 per cent this year to 100 billion rubles (S$2.1 billion) after the government wound down programmes for

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