Lead managers Rabobank and Société Générale had over €2.3bn of interest for the yet to be sized 5.2 year senior notes by Thursday morning, having sharpened guidance to 26bp over three month Euribor at that stage.
The provisional pool for Storm 2015-1 is only €1.4bn, but the leads said this could be increased “should the final order book allow”.
A print at 26bp would be just 1bp back of the fast pay two year notes of Storm 2014-3, which Obvion placed with investors in September last year.
The Rabobank owned mortgage lender dropped it familiar two year portion for this deal in favour of printing a larger five year tranche.