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

01 Oct 2012

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.

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.

Details on timing were not available ...

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