EPAM Is Successful at AHML’s Tender for Legal Support of a Strategic Project
EPAM 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, EPAM 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.
