Obvion satisfies long dated demand with private Storm RMBS

Obvion has priced its first Storm RMBS of the year, privately placing €1bn of senior notes with investors looking for longer dated exposure.

  • By Joseph McDevitt
  • 20 Feb 2014
Lead managers Rabobank and JP Morgan only released pricing details for the senior tranche and not the four subordinate tranches, which were retained by Obvion. The €1bn of triple-A rated ‘A’ notes, which have 7% credit enhancement and 5.2 year weighted average life, were priced at par with ...

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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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