Rabo and JPM bring first STS securitization of 2020

Volumes prices up adobe stock 230x150
By Tom Brown
07 Jan 2020

Obvion has mandated JP Morgan and Rabobank for a Dutch prime RMBS from its Storm programme, the first securitization of the year to receive the ‘simple, transparent and standardised’ (STS) designation.

As with a Delft 2020 Dutch RMBS transaction announced on Monday, the Obvion deal has a relatively high amount of interest-only loans at 49.88%. The mortgage pool is €870.9m in total with a weighted average seasoning of 5.7 years.

The deal has a coupon set at 75bp over ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.