Egorov Puginsky Afanasiev & Partners won the  tender as legal counsel for issuing mortgage-secured bonds under a pilot project entitled “Mortgage Securities Factory” - a new tool launched by the Agency for Housing Mortgage Lending (AHML) to refinance mortgage loans.

As per the Terms of Reference, Egorov Puginsky Afanasiev & Partners will be involved in drafting of the standard documents for policy single-tranche issuance of mortgage-secured and AHML guaranteed bonds secured with AHML’s obligation to repay defaulting mortgages out of the mortgage security and to support the pilot mortgage-secured bond issue.

The Firm’s Banking&Finance and Capital Markets team headed by partner Dmitriy Glazounov and senior associate Oleg Ushakov will handle the matter.