Obvion sets sights on record pricing with first Dutch RMBS of 2018

Stormy road
By Bill Thornhill
08 Jan 2018

Rabobank has mandated lead banks for its first Storm RMBS deal of 2018, which is expected to be priced this week and could potentially set a new record.

Obvion has mandated Rabobank and Société Générale for Storm 2018-1, an RMBS offering backed by a pool of Dutch residential mortgages. The deal will offer  Aaa/AAA/AAA rated, PCS labelled, Class A notes with a five year weighted average life.

The notes have credit enhancement of ...

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