Obvion mandates year’s third Storm

By Owen Sanderson
22 Sep 2014

Obvion has mandated Citi and Rabobank for the third Storm RMBS of the year, Storm 2014-III.

The provisional capital structure shows the standard A1 / A2 format for Dutch RMBS, a two year fast pay and five year slow pay.

The senior tranches have 7% credit enhancement, and the notes are rated down to class E. Obvion is the swap counterparty, with Rabobank International ...

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