Rabo and JPM bring first STS securitization of 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 ...
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