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Asia-PacificMay 6 2007

CEE surfs a new wave of structured finance products

A surge of new offerings are coming out of central and eastern Europe, with Russia and Kazakhstan showing the new EU countries how it should be done. Michael Marray reports.
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The pipeline of structured finance offerings out of central and eastern Europe is getting busier, after a surge of deals out of countries such as Russia and Kazakhstan during 2006, and the first offering of residential mortgage backed securities (RMBS) from the Ukraine in February of this year.

The fast-growing consumer loan and mortgage finance sectors across the region have banks looking at refinancing for large portfolios of auto loans, mortgages and consumer loans.

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