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GC Asia
Obvion prices year’s fourth Storm RMBS
Rabobank’s mortgage subsidiary Obvion priced its fourth Dutch residential mortgage securitization — Storm 2013-IV — late on Thursday afternoon.
The two year €150m class ‘A1’ tranche was priced at three month Euribor plus 45bp in line with the initial price guidance that went out earlier in the day. The 4.8 year €550m ‘A2’ notes were priced at 90bp above the same benchmark, also in line with earlier
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