OREANDA-NEWS  On 17 October was announced, that Euromoney Institutional Investor’s Derivatives Week and Total Securitization news services named JSC BTA DPR Securitization transaction the European Securitization Emerging Market Deal of the Year. 

This issue of USD 750 million has been awarded not only for being the largest ever single DPR securitization transaction in Kazakhstan, but also for successful completion of this transaction at the peak of the financial crisis when the market plunged into turmoil.

Standard Chartered, ABN AMRO and JPMorgan structured the deal which was successfully closed in October 2007.

BTA DPR Finance paved the way for future deals of its kind. Since the DPR structure mitigates the originator’s credit risk as well as currency risk, the transactions are more resistant in difficult market conditions.

DPR program is a substantial supplement to raise foreign funds which provides the bank with an opportunity to access financing sources which are reasonable from a value viewpoint and to use market capitals. Structure of the deal and involvement of single-purpose insurers (‘monoliners’) have underlain its successful closing.

This prestigious award has served another confirmation of BTA’s strength and commitment to its strategy of funding diversification.