Obvion returns for fifth Storm RMBS as strong market lifts issuance hopes

Obvion is preparing to launch its fifth Storm RMBS this year, less than a month after its last deal, as bankers say a strong market could entice more Dutch issuance before year-end.

  • 02 Oct 2012

The Dutch mortgage lender has mandated Rabobank and JP Morgan as leads for a private placement. The pre-sale report from S&P suggests it will be a five tranche structure, with notes sold to investors from a preliminary €1.5bn triple-A rated ‘A’ tranche.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 13,295 25 18.56
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.25
3 Lloyds Bank 6,979 21 9.74
4 Citi 6,256 16 8.73
5 JP Morgan 5,220 8 7.29

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 104,427.74 298 10.96%
2 Bank of America Merrill Lynch 86,347.40 249 9.06%
3 JPMorgan 80,990.39 237 8.50%
4 Wells Fargo Securities 77,934.65 225 8.18%
5 Credit Suisse 63,570.21 165 6.67%