OREANDA-NEWS. August 12, 2010.  The possibility was confirmed that during the Program’s effective period Vnesheconombank would purchase senior tranches of mortgage-backed bond issues originated by the Association of Mortgage Companies at par value, provided that the bonds at the date of their issue comply with “Requirements for Bonds Including Mortgage-Backed Bonds and Mortgage Coverage of Bonds Purchased under the Program of Vnesheconombank’s Investments in Affordable Housing Construction and Mortgage Lending in 2010-2012” (hereinafter referred to as Requirements) in the amount of 19.50 billion rubles

13.00 billion rubles of the said amount of bonds originated by the Association of Mortgage Companies are scheduled to be purchased at par value with a coupon rate of 9% by way of using pension savings funds, 6.50 billion rubles at par value with a coupon rate of 3% by way of using Vnesheconombank’s own funds.