Dutch STS deals flow as Green Storm prices, Venn closes in

Dutch house
By Tom Brown
03 Jul 2019

Venn Partners is getting ready to price its second Cartesian Mortgages deal to qualify for the ‘simple, transparent and standardised' (STS) label, with senior notes guided by arrangers Venn and BNP Paribas in the high 50bp, and the rest of the capital stack guided in the low to high 100bp range. Obvion, meanwhile, has priced its latest Green Storm RMBS.

Classes ‘E’, ‘S’ and ‘X’ of the Cartesian Mortgage deal have all been retained. The transaction is expected to be priced by Friday. This is the second STS deal from Venn Partners following Cartesian Residential Mortgages Blue. That deal was priced at 52bp over three month ...

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