Conditional Ratings News Today

National Home Mortgage Finance Corporation (NHMFC) has closed its fifth securitization exercise called “BALAI Shelter Compliance ABS” involving total issuance worth around P715.152 million. Securitized is a portion of the socialized housing loan portfolio NHMFC acquired from the Home Development M

The transaction consists of one tranche of Senior Notes and one tranche of Subordinated Notes. Photo credit: https://www.facebook.com/NHMFC. The Class A Senior Notes are worth P150.0 million and shall be amortized using the Controlled Amortization method with a pre-defined amortization schedule during the Controlled Amortization Period. The Class B Subordinated Notes are worth P169.322 million, and will be amortized after all Senior Notes have been settled, with variable interest payable quarte...