Obvion coming ‘super tight’ in Dutch fives

dutch houses
By Tom Porter
11 Mar 2015

Rabobank and Société Générale have guided investors to high 20bp area for Obvion’s single five year tranche of Dutch RMBS in Storm 2015-1, the latest benchmark for a market entering new territory at the tight end.

Obvion abandoned its typical two year portion for this deal, preferring to print a larger and more liquid five year portion amid an inverted Dutch RMBS curve.

The Rabobank owned lender’s lead managers issued initial price thoughts on Wednesday morning of high 20bp area over three ...

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