Obvion, Santander show tight end appetite

By Tom Porter
05 Jun 2014

Two of the strongest RMBS platforms in the European securitization market hit the market this week, and showed investors are still eager to grab the highest quality paper even as the global yield hunt drives many further down the credit curve.

UK and Dutch prime RMBS have been competing at the tight end of the market since Dutch spreads in the three to five year bucket moved inside the UK’s last month. Santander’s Fosse and Obvion’s Storm are both “bulletproof” programmes that have been become increasingly sought-after in ...

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