Obvion to test ever-lower limits for Dutch RMBS

dutch houses
By Tom Porter
28 May 2014

Rabobank’s Obvion has mandated banks for its first public STORM RMBS transaction of 2014, just as improving performance and technical factors help Dutch prime RMBS spreads challenge those of the UK at the tight end of the European market.

Originator Obvion, which is 100% owned by Rabobank since 2012, has mandated Rabobank’s syndicate team alongside Société Générale for STORM 2014-II, which will be roadshowed on June 2 and 3 and should be priced shortly afterwards.

The transaction will offer two tranches of triple-A rated bonds, one a ...

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