Storm boosts size in booming market

Lead managers Rabobank and Société Générale are aiming to increase the size of Storm 2012-1, a Dutch RMBS from Rabo subsidiary Obvion. The leads set the spread on Wednesday, fixing a level of 110bp for the ‘A1’s and 155bp for the ‘A2’s. This is already 10bp tighter than initial guidance on the ‘A1’ tranche.